Russian President Vladimir Putin on Tuesday, March 1 signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia, the Associated Press reports.

The move comes in response to the crippling sanctions Western nations have imposed on Russia over its invasion of Ukraine, which this week tanked the ruble and sent Russians flocking to banks and ATM in fear for the fate of their savings.

Other measures Putin ordered this week included obligating Russian exporters to sell 80% of their revenues in foreign currency, prohibiting Russian residents from providing non-residents with foreign currency under loan agreements and from depositing foreign currency into foreign bank accounts.