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russia strikes back at ukrainian sanctions with export ban on oil & petroleum products - glass containers with silicone sleeve

by:Koodee      2019-08-27
russia strikes back at ukrainian sanctions with export ban on oil & petroleum products  -  glass containers with silicone sleeve
In addition to oil, expanded restrictions on specific goods in Ukraine include engineering products, consumer goods and metal products, which, according to Prime Minister Dmitry Medvedev, were worth nearly $0. 25 billion as of 2018.
On Thursday, the government website published a complete list of imported goods blacklisted.
The embargo came into effect immediately.
The document also states that shipments of coal, gasoline and diesel will be restricted from June 1.
It is possible to supply these products only under special government orders.
The new sanctions also ban exports of goods from Ukraine, including clothing, shoes and socks.
The move is in retaliation for new sanctions against Moscow announced by Kiev on April 10.
Ukraine aims to import glass containers, formaldehyde, electrical equipment for railway infrastructure and other products from Russia.
This is not the first time the two sides have expanded economic restrictions on each other, and Russia usually retaliates against Ukraine's actions. The latest tit-for-
Tat's response was in December 2018, when Russia banned Ukraine from importing more than 50 Ukrainian goods worth $0. 51 billion.
Shortly after Kiev extended the embargo on Russian food until the end of 2019, restrictions on baked goods, chocolate, meat, fish, coffee, black tea and some alcoholic beverages followed, other projects.
Despite bilateral trade restrictions, turnover between Russia and Ukraine has been increasing in recent years, and Russia has a large trade surplus.
Mutual sanctions also failed to prevent Russia from becoming Ukraine's main trading partner in 2018.
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