9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.53 USD USD USD
36.05 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.33 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

Export and import from Russia banned!

After the embargo imposed by the USA and the UK, Putin made a counter move. Putin ordered the ban on the export and import of certain products and raw materials from his country.

Export and import from Russia banned!

As the 13th day of the Ukrainian occupation continues, sanctions decisions continue to come from countries and companies, especially the Western world.

Finally, US President Biden announced that they banned all energy, oil and gas imports from Russia.

LIST PREPARATION INSTRUCTIONS FROM PUTIN

In response to the embargoes, Russian President Vladimir Putin signed a decree on the implementation of special economic measures in the field of foreign economic activities in order to ensure the security of Russia. The decree also instructed the Russian government to draw up a list of countries that would be affected by the bans. It was stated that the said measures do not apply to the products or raw materials that citizens carry for their personal needs.

EXPORT PROHIBITION FOR SOME PRODUCTS AND RAW MATERIALS

Putin also demanded that a ban be placed on the export of products and raw materials outside of Russia, the list of which will be determined by the government, by December 31.

In the text of the decree, "In order to ensure the security of the Russian Federation and the smooth functioning of its industry, I decide to ensure the implementation of the following special economic measures until December 31, 2022:

Prohibition of export outside the territory of the Russian Federation and (or) import of products and (or) raw materials into the territory of the Russian Federation in accordance with the lists established by the government of the Russian Federation; Restriction of the import of products and (or) raw materials outside the territory of the Russian Federation in accordance with the lists determined by the government of the Russian Federation.

 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Swiss Steel Group board changes

Thursday, October 31, 2024

Per Elfgren appointed as new president of SSAB Special Steels

Wednesday, October 30, 2024

Analysis of last week's market situation

Monday, October 28, 2024

Salzgitter AG appoints Denecke-Arnold as new president of Salzgitter Flachstahl

Tuesday, October 22, 2024

EU steel industry sounds crisis alarm! EUROFER issues open letter

Thursday, October 17, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now