Russia might expand import restrictions
ADVERTISEMENT
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.
ADVERTISEMENT
The Barents Observer Newsletter
After confirming you're a real person, you can write your email below and we include you to the subscription list.