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
Russian discounter Svetofor struggles amid regulatory and competitive pressure
Russian discounter Svetofor, known in Western Europe as Mere and…
Read more >GKI analysis: Russian gas exposure – Could it be otherwise?
Hungary’s exposure to Russian energy, which can be traced back…
Read more >Retail sales in Russia accelerated and unemployment stagnated at a historic low
Russia’s retail sales accelerated in November, while unemployment remained at…
Read more >Related news
Strong brands, strong Hungary: the Ministry of National Economy actively supports the branding efforts of domestic businesses
Strengthening a tax system that supports the competitiveness of domestic…
Read more >GKI analysis: We can do something about economic vulnerability ourselves
The government’s “flying start” in 2025 would require a surge…
Read more >Tesco raises employee wages
Tesco is increasing the basic salary of its store employees…
Read more >