Russia to Ban Imports of Cars, Heavy Equipment, Metallurgy Products

22/10/2014 11:24
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KPL Russia is preparing to bar state-run companies from importing vehicles, heavy equipment and met­allurgy products, an influ­ential Russian daily said.

MOSCOW-RIA Novosti

Russia is preparing to bar state-run companies from importing vehicles, heavy equipment and met­allurgy products, an influ­ential Russian daily said.

According to the data, obtained by the Kommer­sant newspaper from the Russian ministries of in­dustry and trade, and economic development, Russia’s state-owned com­panies will be prohibited from buying certain for­eign-made industry prod­ucts that have Russian analogues.

The Ministry of Indus­try and Trade confirmed to the paper it had drafted a “general directive,” which will apply to companies that are 50 percent or more owned by the Russian gov­ernment, although no list was revealed.

“The restrictions will be recommended to state companies by state repre­sentatives on their boards of directors,” a source in the Ministry of Economic Development told the Kom­mersant.

The West has imposed several rounds of sanctions against Russia’s largest banks and energy and de­fense companies over Mos­cow’s alleged involvement in the Ukrainian conflict, a claim repeatedly denied by senior Russian officials.

Russia responded by in­troducing a one-year ban on certain food imports from the United States, the European Union, Can­ada, Australia and Norway. Economic Development Minister Alexei Ulyukayev said the ban would stay in effect until the European Union lifted its anti-Rus­sian sanctions.

In September, presiden­tial aide Andrei Belousov told RIA Novosti that Rus­sia had already prepared a new package of retaliatory measures, which includes restrictions on imports of cars and textile products.

KPL

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