An updated list of foreign goods subjected import restrictions is in the pipeline. Photo: Thomas Nilsen

Russia might expand import restrictions

More categories should be added to the list of banned foreign goods, the country’s Ministry of Industry and Trade says.
April 19, 2016

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Additional strain in Russia’s economic relations with the world could be the result as the federal government is in the process of reviewing its sanction regime with foreign countries.

The country’s Ministry of Industry and Trade proposes to add another 70 categories to the list of industrial goods and machinery items subjected to import restrictions, newspaper Vedomosti reports.

From before, the government of Dmitry Medvedev has about 420 kinds of categories on its list of foreign products banned for public procurement. On that list is military equipment, machinery items, medical technology and pharmaceutical materials, computer software and more.

In addition comes the list of sanctioned food products.

The updated list is to be adopted by government i August, Vedomosti writes.

Meanwhile, the country’s Ministry of Economic Development instead proposes to cut the list of banned products. The import restrictions has resulted in a 40 percent price increase on state acquisitions, the ministry argues, Vedomosti reports.

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