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

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.

Currently, the list of industrial goods the import and export of which is prohibited for unfriendly countries includes, in particular, uranium, timber and unprocessed wood materials, waste and scrap of ferrous and non-ferrous metals, electric motors and generators, unmanned aerial vehicles, ships, various machine tools, certain types of medical equipment, mobile phones, radio transmission and broadcasting equipment, and other items.

Restrictions in the form of a permitting procedure for export/import are established for certain types of agricultural products, industrial goods, vehicles, geological exploration and telecommunications equipment.

In addition, within the framework of decree no. 100, the government by resolution no. 2240 establishes increased duties (in the amount of 20%-50%) on imports of products from unfriendly countries. The list of such goods includes, in particular, special equipment, machine tools, weapons, perfumes and cosmetics, household chemicals, plywood, spark plugs, batteries, canned goods, sausages and other meat and poultry products, confectionery, wine, cider and beer and strong alcohol.