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Russia may impose an import ban on additional products

As the European Union has introduced a new sanctions "package", Russia may, in response, introduce an additional import ban on clothes, wine, vehicles, luxury goods, fridges and petrochemicals from EU or the US. There is no final list and no draft regulation imposing this ban but, as the state officials say, certain response measures are sure to be introduced.

Russia retaliates with a food ban in response to the sanctions

Last month Russia has responded to the Western sanctions by imposing a one-year ban on all imports of certain types of food, such as meats, fish, milk and dairy, seafood, fruits and vegetables.  The targeted exporting countries are the EU member states, the US, Australia, Canada and the Kingdom of Norway.

Russia reduces import duties for a number of goods

As of 1 September 2014 lower import tariffs will apply to thousands of products imported into Russia (88 groups of products and 4822 product codes in total).

The tariffs were amended as a result of Russia joining the World Trade Organisation (WTO) in 2012.

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