July 21, 2023
1 min read

Putin extends ban on import and export of raw materials till 2025

Restrictions were also imposed on the export of certain types of timber to unfriendly countries…reports Asian Lite News

Russian President Vladimir Putin has signed a decree, extending a previous ban on the import and export of certain Russian raw materials and goods until 2025, according to a document published on the country’s official legal information portal. The decree, on the application of “special economic measures in foreign economic activity with the aim of ensuring the security of the Russian Federation,” was originally signed by the Russian President on March 8, 2022.

It imposed restrictions on the export and import of certain raw materials and products from Russia.The decree was meant to be valid until December 31, 2023. With the recent amendments, Putin has officially extended the decree until December 31, 2025, Xinhua news agency reported.

The list of products, which was later compiled by the government, includes technological, telecommunications, medical, and electrical equipment, agricultural machinery, nuclear reactors, fibre optic cables, metal processing machines, among others. Restrictions were also imposed on the export of certain types of timber to unfriendly countries.

The government said this decision was made to protect the domestic market. 

ALSO READ-Putin to skip BRICS summit in South Africa

Previous Story

Lankan Prez’s India visit build stronger neighbourly bonds

Next Story

Fuel quota up in Lanka

Latest from -Top News

Industry Hails India-UK FTA

£34 billion boost, sweeping tariff cuts and market access mark UK’s most ambitious post-Brexit trade pact; Indian sectors set for exports surge…reports Asian Lite News Business leaders from both India and the

India, UK Sign Landmark FTA

The pact is set to make imported goods like Scotch whisky, gin, luxury cars, cosmetics, and medical devices more affordable for Indian consumers….reports Asian Lite News In a landmark moment for India-UK

Farmers Win Big in India-UK FTA

There is a massive gain for rural India and exporters with zero duty on processed foods compared with up to 70 per cent earlier….reports Asian Lite News The India-UK Free Trade Agreement

Modi-Starmer Meet Ahead of FTA Signing

During the discussions, the two sides will also review the progress of the Comprehensive Strategic Partnership (CSP)…reports Asian Lite News Prime Minister Narendra Modi on Thursday called on Keir Starmer at the

Hindu Temple Vandalised in Melbourne

Confirming the incident, Victoria Police mentioned they are investigating “four linked incidents in Boronia,” including the temple and two restaurants….reports Asian Lite News In a deeply disturbing incident of racial violence, a
Go toTop