Russia has banned exports of more than 200 types of foreign-made product until the end of 2022 in a bid to mitigate the impact of western sanctions.
Exports of telecom, agricultural, electrical and technology equipment that were previously imported into Russia from abroad will be affected.
Russia will also ban some timber exports to nations that have “committed unfriendly actions”.
Around 48 countries will be affected, including EU and the US.
Banning exports of foreign made goods was “necessary to provide stability on the Russian market”, according to an order signed by Russian Prime Minister Mikhail Mishustin.
Other items subject to the ban include cars, railway carriages, containers and turbines.
Source BBC
Latest Posts in "Russia"
- Russia Grants VAT Exemption for Precious Metal Banking Transactions Starting January 2026
- Russia to Implement 2026 VAT Rules and Delivery Confirmation for Marketplace Sales
- Putin Approves VAT Hike to 22% in Russia Amid Rising Military Costs and Falling Revenues
- Management Contract Price Increase Due to VAT Requires Approval at General Homeowners’ Meeting
- Russia Raises VAT to 22% from 2026, Introduces New Tax Changes and Benefits













