Putin extends decree on applying special measures in foreign trade until end of 2027, including ban on export/import of certain types of raw materials

MOSCOW. Sept 17 (Interfax) - The Russian president's decree on applying special economic measures in foreign trade with regard to unfriendly countries, which among other things establishes restrictions on the export and import into Russia of certain types of industrial products and raw materials, has been extended again, this time for two years until December 31, 2027.

The corresponding decree was signed by Russian President Vladimir Putin.

Decree no. 100 on the application of special economic measures in the field of foreign economic activity for the purpose of ensuring the security of the Russian Federation was adopted in March 2022 in response to sanctions from unfriendly countries, initially for a period of one year, then its validity was extended annually. The last expiration date was in December 2025.

The document establishes a ban or restrictions on the export and import of products and raw materials into the country according to lists approved by the government. In addition, the decree provides for the establishment of increased export and import duties on certain types of products and raw materials, also determined by the government.