BUSINESS

Russia suspends exports of tech, telecoms, medical, auto, agricultural equipment until end-2022

Over 200 items were included on the export suspension list, from cars, containers, turbines ETC

In Summary

•Over 200 items were included on the export suspension list, from cars, containers, turbines ETC 

An honour guard holds a Russia flag during preparations for a welcome ceremony for Russian President Vladimir Putin outside the Great Hall of the People in Beijing, China June 8, 2018.
An honour guard holds a Russia flag during preparations for a welcome ceremony for Russian President Vladimir Putin outside the Great Hall of the People in Beijing, China June 8, 2018.
Image: REUTERS

The Russian government has banned exports of telecom, medical, auto, agricultural, electrical and tech equipment, among other items, until the end of 2022, in retaliation for Western sanctions on Moscow, it said on Thursday.

In total, over 200 items were included on the export suspension list, which also covered railway cars, containers, turbines and other goods.

Carmaker Stellantis (STLA.MI), which produces and sells the Peugeot, Citroёn, Opel, Jeep, Fiat brands in Russia, was looking to start exporting locally-made light commercial vehicles to Western Europe before Russia invaded Ukraine.

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