Kyrgyzstan imposes six-month ban on exports of precious metals, ferrous metal scrap and waste

BISHKEK. Aug 5 (Interfax) - The government of Kyrgyzstan has imposed restrictions on exports of precious metals and ferrous metal scrap and waste, the Cabinet's press service reported.

"By decision of the Cabinet a six-month ban has been imposed on exports of ferrous metal scrap and waste, and ferrous metal ingots for processing from Kyrgyzstan to outside the customs territory of the Eurasian Economic Union (EAEU)," the press release said. The order will go into effect seven days after its official publication.

The Cabinet issued another decision to impose quantitative restrictions for six months on exports of precious metals and raw materials containing precious metals in the amount of no more than 500 kg. This order will go into effect 15 days after its official publication.

The Economy and Commerce Ministry has been ordered to inform the World Trade Organization and Eurasian Economic Commission about the bans within three days of when these orders go into effect.