Russia Banned Export of Over 200 Goods Types to Save Domestic Economy 

A week ago, on March 10, the government of the Russian Federation announced a list of goods and equipment that are prohibited from being exported from the country until the end of 2022. The export ban is necessary to ensure that these goods continue to be used in key sectors of the economy under sanctions. 

Picture: SdelanoUNas

As specified, these are the goods previously imported into Russia from abroad, such as technological equipment, telecommunication, medical equipment, vehicles, agricultural machinery, electrical equipment and much more, over 200 items in total:

  1. Pharmaceutical products,
  2. Nuclear reactors,
  3. Turbojet engines,
  4. Equipment for agriculture,
  5. Washing machines,
  6. Vacuum cleaners,
  7. Electric Shavers,
  8. Telephone devices, including smartphones,
  9. Railway locomotives,
  10. Motorcycles and mopeds,
  11. Unmanned aerial vehicles,
  12. Binoculars,
  13. Cameras,
  14. Equipment based on the use of X-ray radiation,
  15. Insulated wires and cables,

… and many others.

“This measure is necessary to ensure stability in the Russian market,” the press service of the Cabinet of Ministers said.

The export of the goods was restricted to all foreign countries, except for the EAEU members, Abkhazia, South Ossetia, and the two Donbass republics. For export to these countries (except DPR and LPR), you will need to obtain a permit from the number of Russian ministries, depending on the type of goods.

The ban on export is not applied to goods that are exported by individuals for personal use. That is, this measure will not affect those traveling abroad.

“The ban on the export of foreign products pursues two main goals: firstly, it will allow the preservation of long-term goods and equipment inside the Russian Federation, which cannot be replaced by Russian ones in a short time, and new units cannot be purchased abroad. Secondly, it is an attempt to create additional obstacles to the termination of business in Russia and the withdrawal of assets,” a Lawyer of the ‘S&K Vertikal’ Law Office, Boris Romanov, said.

In addition, it is temporarily restricted to export certain types of timber from Russia. The Ministry of Industry and Trade indicated that Russian manufacturers account for 10 to 15 percent of Finland’s consumption of these goods. The ministry is confident that the country will not be able to quickly replace such supplies.

Also, the ban on the export of plywood ridge (raw materials for the production of plywood) against the background of EU anti-dumping duties on finished plywood from Russia will not allow European manufacturers to increase the capacity of their own enterprises at the expense of Russian raw materials.

The ban is applied towards the states that have committed unfriendly actions to Russia. The list includes:

  • USA,
  • Canada,
  • EU states,
  • Great Britain (including Jersey, Anguilla, British Virgin Islands, Gibraltar),
  • Ukraine,
  • Montenegro,
  • Switzerland,
  • Albania,
  • Andorra,
  • Iceland,
  • Liechtenstein,
  • Monaco,
  • Norway,
  • San Marino,
  • North Macedonia,
  • Japan,
  • South Korea,
  • Australia,
  • Micronesia,
  • New Zealand,
  • Singapore,
  • Taiwan.

There is also a restriction on grain and sugar export from Russia. Restrictions on grain will be in effect until June 30 and on sugar until August 31, 2022. The grain ban applies to wheat, meslin, rye, barley, and corn, SecretMag reminds. The decision to temporarily ban the export of sugar and grains was adopted “to protect the domestic food market in the face of external restrictions.”

At the same time, the government provided for a number of exceptions for the export of sugar and grain. Deliveries outside of Russia are possible to provide humanitarian assistance and as part of international transit traffic.

Ru-Main, 18.03.2022
Source: Interfax 

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