December 05, 2025 11:24 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
In front of Putin, PM Modi makes bold statement on Russia-Ukraine war: ‘India is not neutral, we side with peace!’ | Rupee weakens following RBI repo rate cut | RBI slashes repo rate by 25 basis points — big relief coming for borrowers! | 'Mamata fooled Muslims': Humayun Kabir explodes after TMC suspends him over 'Babri Masjid-style mosque' demand; announces new party | Mosque in the middle of Kolkata airport? Centre confirms flight risks, BJP fires at Mamata | Sam Altman is betting big on India! OpenAI in advanced talks with Tata to build AI infrastructure | Government removes mandatory pre-installation of Sanchar Saathi App. Know all details | Calcutta HC overturns controversial Bengal job annulment — 32,000 teachers rejoice! | Bengal SIR shock: 1 lakh ‘deceased voters’ found in Kolkata North! | Massive twist in Bengal voter list: ‘Perfect’ 2,280 booths shrink to just 480 after probe!
Russia-Ukraine Crisis
Image Credit: Andy Li via Unsplash

Russia retaliates against Western sanctions with export bans: Report

| @indiablooms | Mar 11, 2022, at 08:09 pm

Russia has retalited to the western sanctions to isolate it for invading Ukraine by imposing export bans on a host of products until the end of 2022, BBC reported.

The ban includes exports of telecoms, medical, vehicle, agricultural, and electrical equipment, as well as some forestry products such as timber.

The economy ministry said further measures could include restricting foreign ships from Russian ports.

It said: "These measures are a logical response to those imposed on Russia."

The ministry added that the bans on countries that have "committed unfriendly actions" were "aimed at ensuring uninterrupted functioning of key sectors of the economy".

The export ban includes more than 200 products. The measures will last until the end of the year.

In a bid to punish Russia, Western nations have imposed ban notably on buying oil, and against billionaire oligarchs seen as close to President Vladimir Putin.

About 48 nations will be affected, including the US and in the EU.

In its order, the Russian government has allowed export for Georgia's breakaway regions of South Ossetia and Abkhazia and for members of the Russian-led Eurasian Economic Union.

Russia's Prime Minister Mikhail Mishustin said the ban would include exports of goods made by foreign companies operating in Russia. Items include cars, railway carriages, and containers, the BBC report stated.

Earlier, Russia's former president Dmitry Medvedev warned that assets owned by western companies that have quit Russia could be taken over by the government.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm