RT.com
26 Oct 2022, 19:43 GMT+10
The restrictions apply to the export of technological and medical equipment, vehicles and agricultural machinery
Russian President Vladimir Putin on Wednesday extended a decree imposing restrictions on trade in certain types of goods and raw materials with 'unfriendly' countries that placed sanctions on Moscow over the Ukraine conflict.
The presidential decree from March, issued shortly after the start of Russia's military operation in Ukraine, was set to expire on December 31, 2022, but was extended by another year to the end of 2023.
The Russian government approved the list of goods that fall under the ban back in March. It included more than 200 types of goods and equipment, such as technological, telecommunications and medical equipment, vehicles and agricultural machinery, and electrical equipment. The export of these goods was temporarily restricted to all foreign countries, with the exception of Russia's partners in the Eurasian Economic Union, Abkhazia, and South Ossetia. In addition, the export of certain types of timber to 'unfriendly' countries was also banned. The ban does not target the transit of goods and those taken out of the country for personal use, as well as goods made in Russia and bearing a Russian certificate of origin.
Separately, Putin approved on Wednesday a list of 45 Russian banks that are temporarily prohibited from carrying out transactions with shares and equity stakes that belong to citizens of 'unfriendly' countries. The list includes the Russian subsidiaries of Raiffeisenbank, Commerzbank, Credit Suisse Bank, UniCredit Bank, and Deutsche Bank. The ban will be in place until December 31, 2022, but transactions may be allowed if the shareholder is granted a special permit from the president.
The list of countries deemed 'unfriendly' to Russia comprises the US, UK, the member states of the EU, Albania, Andorra, Australia, the Bahamas, Iceland, Liechtenstein, Canada, Micronesia, Monaco, New Zealand, Norway, South Korea, San Marino, North Macedonia, Singapore, Taiwan, Ukraine, Switzerland, and Japan.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Herald Globe news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Herald Globe.
More InformationWEST PALM BEACH, Florida: City officials in Fort Myers, Florida, voted last week to approve a new agreement allowing local police to...
WASHINGTON, D.C.: With flight delays rising and aviation safety under scrutiny, the U.S. government is preparing a sweeping modernization...
WASHINGTON, D.C.: The U.S. National Transportation Safety Board (NTSB) has called for urgent safety checks on 68 bridges, including...
WASHINGTON, D.C.: U.S. Interior Secretary Doug Burgum has announced plans to open more land for oil and gas drilling in Alaska and...
WASHINGTON, D.C.: Ten Democratic lawmakers in the U.S. House of Representatives have asked the Pentagon to reduce military training...
TORONTO, Canada: An initial investigation into last month's dramatic Delta Air Lines crash-landing in Toronto has revealed that the...
(Photo credit: Wendell Cruz-Imagn Images) The Los Angeles Clippers still find themselves in a logjam in the Western Conference playoff...
New Delhi [India], March 27 (ANI): A first batch of 22 Indian Shooters, accompanied by 13 support staff, left in the early hours of...
(Photo credit: David Dermer-Imagn Images) Cleveland Guardians right-hander Tanner Bibee was scratched from Thursday's Opening Day...
Hyderabad (Telangana) [India], March 27 (ANI): Lucknow Super Giants (LSG) skipper Rishabh Pant won the toss and elected to bowl first...
(Photo credit: Nathan Ray Seebeck-Imagn Images) The Toronto Blue Jays have made another offer to first baseman Vladimir Guerrero...
(Photo credit: Matt Blewett-Imagn Images) The Minnesota Twins placed third baseman Royce Lewis and three others on the injured list...