Russia Will Ban Imports Of Clothing And Cars From The EU.

The European Council adopted the European Union's 8 pass. Russia The new sanctions plan, European Council president van Rompuy announced on 11 that the plan will come into force on 12. Meanwhile, US President Obama also announced that he will increase sanctions on Russian finance, energy and defense industries. In response to this, Russia responded quickly, saying it might ban the import of second-hand cars from the EU and some light industrial products.

Prior to that, Russia banned imports from the EU mainly agricultural products, and now it may expand to light industrial products. It is understood that Russia's light industry is underdeveloped. clothing The import of light industrial products such as electronic products is very large. Over the years, China's light industrial products have been continuously imported into Russia and occupy a large market share. If Russia implements the above anti sanctions measures, it will give more market space to the exporting countries including China.

According to the report in September 11th, European Council president van Rompuy stressed in a recent statement that the sanctions scheme remains revocable, and the EU will partly or comprehensively revise the sanctions scheme according to the future development of the Ukraine situation, and may even suspend or revoke the scheme.

The EU's latest sanctions against Russia include: strengthening Russia's restrictions on entering the EU capital market; in deep water oil development, Arctic oil exploration and Russian shale oil projects, the European Union no longer provides services such as drilling, well testing, logging and so on. The exports of two products and military use technologies are also restricted, and loans to 5 Russian state-owned banks and 3 Russian energy companies are prohibited.

In the face of aggressive EU sanctions, Russia has said it may ban imports of second-hand cars and other consumer products from the EU.

Moscow Kremlin Economic Assistant Andre Belousov said: "in the field of non-agricultural products, the EU's dependence on Russia is better than Russia's dependence on it. This involves vehicle imports, mainly second-hand cars, and some specific range of light industrial products, including a certain range of clothing.

He also said that the Russian government will support its own companies to fight against sanctions. "We will implement a variety of support measures, and these measures will be fulfilled."

Because Russia supports separatist forces in eastern Ukraine, the European Union and the United States have imposed several rounds of sanctions against Russian enterprises and banks. At the same time, Russia has taken a series of measures to protect its economy quickly. In August, Russia will be the European Union and the United States. Canada Australia, Norway and other foods worth 9 billion US dollars are excluded. This is the most intense response to Western sanctions so far.

At the same time, Biello Usov pointed out that Russia's anti sanctions measures are aimed at protecting its producers and consumers, not endangering them. "As far as I know, the Ministry of economic development has listed the list of these commodities. I hope that the western countries will remain sober and do not push Russia to take these anti sanctions measures. He said.