Economy, Europe

Russia bans oil export to Ukraine

Ban extends to imports from Ukraine including machinery and metalwork

Elena Teslova   | 18.04.2019
Russia bans oil export to Ukraine

MOSCOW 

Prime Minister Dmitry Medvedev on Thursday said he has signed a decree expanding Russian sanctions against Ukraine.

The new measures ban export to Ukraine of oil, oil products and coal, he said at a government meeting in Moscow.

Also, the decree expands the list of items prohibited for import from Ukraine, he added.

"We are expanding the ban on the import of certain types of goods to Russia. This measure will affect Ukrainian machinery, light industry, metalwork, the cost of which last year amounted to almost $250 million," he said.

Medvedev also noted that these measures are retaliatory.

Russia and Ukraine have been at loggerheads since 2014, when Russia annexed Crimea after a controversial referendum.

The Kiev administration has put in place various economic restrictions on Moscow since 2014.

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