Russia strikes back at Ukrainian sanctions with export ban on oil & petroleum products

Russia has banned exports of oil and petroleum products among other goods to Ukraine, as well as blacklisting certain imports from the country in response to Kiev's sanctions against Moscow.

Apart from oil, the expanded restrictions on specific Ukrainian goods include engineering products, consumer goods, and metal products, worth almost US$250 million as of 2018, according to Prime Minister Dmitry Medvedev.

The full list of blacklisted imports was published on the government website on Thursday. The embargo, which comes into effect immediately, includes bulldozers, pipes and pipe laying vehicles and other items.

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The document also says that the shipments of coal, gasoline and diesel fuel will be restricted starting from June 1. Supplying these will be possible only under special government orders.

The new sanctions also forbid some exports from Ukraine, including clothing, shoes, socks among other goods.

The measure comes in retaliation to Kievs new sanctions against Moscow, announced on April 10. Ukraine targeted imports of glass containers, formalin, electric equipment for railway infrastructure, and other products from Russia.

Also on Russia bans $500 million worth of imports from Ukraine in retaliatory sanctions

It is not the first time the two sides have expanded economic restrictions against each other, with Russia usually retaliating to Ukrainian moves. The latest tit-for-tat response came in December 2018, when Russia slapped Ukraine with a ban on the imports of morRead More

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