March 11, 2022
1 min read

Putin retaliates with export bans

The ban covers exports of telecom, medical, vehicle, agricultural and electrical equipment, as well as some forestry products such as timber….reports Asian Lite News

Russia has hit back at western sanctions for invading Ukraine by imposing export bans on a string of products until the end of 2022, BBC reported.

The ban covers exports of telecom, medical, vehicle, agricultural and electrical equipment, as well as some forestry products such as timber.

The economy ministry said further measures could include restricting foreign ships from Russian ports.

It said: “These measures are a logical response to those imposed on Russia.”

The ministry added that the bans on countries that have “committed unfriendly actions” were “aimed at ensuring uninterrupted functioning of key sectors of the economy”, BBC reported.

Governments in the West have imposed a string of sanctions on Russia, notably on buying oil, and against billionaire oligarchs seen as close to Russian President Vladimir Putin.

US President Joe Biden and French President Emmanuel Macron (Credit twitter @POTUS)

About 48 countries will be affected, including EU and the US.

Russian Prime Minister Mikhail Mishustin said the ban would include exports of goods made by foreign companies operating in Russia. The items include cars, railway carriages, and containers.

It comes as Russia’s former President Dmitry Medvedev warned that assets owned by western companies that have pulled out of Russia could be nationalised, BBC reported.

Firms have been leaving en masse or halting investment, including industrial and mining giants such as Caterpillar and Rio Tinto, Starbucks, Sony, Unilever and Goldman Sachs.

On Wednesday, Moscow approved legislation that took the first step towards nationalising assets of foreign firms that leave the country.

ALSO READ: Hospital in Ukraine hit by Russian shelling

Previous Story

 Zelensky refutes chemical weapon charge

Next Story

Krrish, Ravi enter finals of Asian Youth & Junior Boxing

Latest from -Top News

No Talks Till Terror Ends: India to Pakistan

The MEA’s strong response came at a time when Pakistan, pushed on the backfoot by India’s decisive Operation Sindoor, has suddenly started talking about its intent on having peace talks with India….reports

BNP ramps up poll demand

Chief Adviser Yunus had earlier promised elections in December 2025, but the timeline has since been pushed back first to February 2026 and then to June 2026, fuelling suspicion and dissatisfaction among

Saudi backs India’s strategic outreach

In a series of engagements, the Indian delegation met Saudi Arabia’s Minister of State Adel Al-Jubeir and other senior officials. A high-profile Indian all-party parliamentary delegation, led by BJP MP Baijayant Jay

India clears stealth fighter project

New execution model paves way for private sector involvement in India’s ambitious stealth aircraft programme; Army showcases next-gen drone warfare systems. In a landmark decision bolstering India’s defence self-reliance, Defence Minister Rajnath

ASEAN lauds India’s firm stance on terrorism

The ASEAN Secretary-General reaffirmed the bloc’s resolve to deepen collaboration with India—a comprehensive strategic partner—in security and counter-terrorism efforts. The Indian all-party Parliamentary delegation, led by Janata Dal (United) MP Sanjay Jha,
Go toTop

Don't Miss

Germany confirms new envoy to Russia

Lambsdorff had “good experience in foreign policy,” Stefan Meister, a

Russian troops advance inside Ukraine as Kiev denies talks

Troops from Lugansk have advanced up to 46 km and