Foreign trade restrictions caused 6.3 billion USD loss to Russia
There are 159 trade restrictions in 62 countries against Russia, which resulted in a 6.3 billion USD loss in exports in 2018 – the Russian Ministry of Economic Development announced on Tuesday.
The restrictions mainly affect the export of steel and grain. According to the report compiled by the experts of the ministry, the restrictions include anti-dumping duties, licensing, quotas, technical barriers, veterinary and phytosanitary measures alongside various sanctions. (MTI, Pogár Demeter)
Related news
Butter thefts continue as a result of price increases
The Russian economy faces serious challenges as inflation accelerates and…
Read more >
Unilever sells Russia and Belarus operations to Arnest Group
Arnest Group is a local manufacturer of perfume, cosmetics and…
Read more >
Russia’s X5 Retail Group Highlights Worker Shortage As Key Challenge
Labour shortages will be a major challenge for Russia’s largest…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >
Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >
Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >
