Moscow retaliates against Western sanctions with export bans

[Yo_Mama_Been_Loggin]

(Reuters) - Russia sought on Thursday to retaliate against Western sanctions imposed over its invasion of Ukraine by banning exports of certain goods and agricultural commodities.

Exporting telecom, medical, auto, agricultural, electrical and tech equipment, as well as some forestry products, will be banned until the end of 2022.

"These measures are a logical response to those imposed against Russia and are aimed at ensuring uninterrupted functioning of key sectors of the economy," the economy ministry said.

Further measures could include restricting foreign ships from entering Russian ports and allowing Russian airlines to register jets leased from Western firms as their own property, the government said.

https://finance.yahoo.com/news/russia-suspends-exports-tech-telecoms-120643963.html

[lame54]

1. Saves us a step

[Cha]

16. lol

💙💛

[keep_left]

2. Sorry, Vlad, you don't make anything we want to buy! (n/t)

[Dave says]

10. Russia and Ukraine supply ...

… 30% of the world’s wheat.

[keep_left]

11. Yeah, you've got a point (I made a rather glib remark)...

...but I think our country will manage. Others will probably feel more pain. Paul Krugman just wrote an op-ed about this (paywalled, read in an incognito window).

https://www.nytimes.com/2022/03/08/opinion/putin-russia-ukraine-economy-sanctions.html

[womanofthehills]

20. Have you seen the price of nickel- off the wall

Russia supplies most of the critical rare earth elements needed for EV’s and solar panels and they said until 2023 they will only sell to Russian Federation countries.

[LenaBaby61]

3. Like this is gonna do anything.

What do we exactly GET from that country with an economy the size of Italy's?

😴😴

[PortTack]

9. Potash..Russia supplies a good portion of this fertilizer additive to the world

[womanofthehills]

21. Palladium ( aluminum, steel, wood, copper, nickel etc)

Russia produces 25-30 % of worlds palladium. Auto makers need it.


https://www.msn.com/en-us/money/markets/palladium-propelled-to-record-highs-by-russia-supply-concerns/ar-AAUJfcX

[dalton99a]

4. We're so screwed without Russian-made telecom, medical, auto, electrical and tech equipment

[SheltieLover]

5. Wahahaha!

[Hugin]

6. I was trying to figure out what the exports were other than gas & oligarchs.

Now I know. Critical stuff.

[Cha]

17. And, Vodka.. Whatever will we DO?

Buy from Democratic Countries!

💙💛

[EX500rider]

7. Oh no now we can't buy Lada's!

😂

[EX500rider]

8. Our economy is in a tailspin I wonder what we could do to make it worse

Smooth move that should help

[JI7]

12. Doesn't this hurt them more than us ?

[womanofthehills]

22. I don't think the oil embargo will hurt them that much

Because they made a big deal with China to buy their oil.

MOSCOW/SINGAPORE, Feb 4 (Reuters) - President Vladimir Putin unveiled new Russian oil and gas deals with China worth an estimated $117.5 billion on Friday, promising to ramp up Russia's Far East exports at a time of heightened tension with European customers over Ukraine.

Russia, already Beijing's No. 3 gas supplier, has been strengthening ties with China, the world's biggest energy consumer, reducing its dependence on its traditional European energy customers.
https://www.reuters.com/world/putin-tells-xi-new-deal-that-could-sell-more-russian-gas-china-2022-02-04/

[oasis]

13. Take yer exports and shove 'em up up yer ass.

[LenaBaby61]

18. THIS 👆🏻👆🏻👆🏻

[CrackityJones75]

14. I guess I will have to give up track suits.

[BGBD]

15. lol, threatened to use nukes over sanctions

and then instead banned....checks notes....Russian tractors.

[MichMan]

19. They are a major supplier of titanium used in hip and knee implants

[womanofthehills]

23. Auto industry also needs titanium

[MichMan]

25. Auto industry uses a very minute amount of it if any.

Aircraft industry however does. Costs well over $30 per pound.

[moondust]

24. No borscht for you!