

Please try another search
(Reuters) - The West has imposed an unprecedented package of sanctions on Russia, its top companies and its business and political elite in response to Moscow's invasion of Ukraine.
The measures have triggered an exodus of foreign firms, raised the prospect of Russia defaulting on its sovereign debt, and look set to trigger a deep economic contraction.
Here is a summary of the main sanctions on goods trade and transport:
ENERGY FLOWS
The United States has banned imports of Russian crude oil, gas and coal.
Britain said it would phase out the purchase of Russian oil by the end of 2022.
The EU, Russia's largest energy customer, has banned the import of Russian coal, but has so far not restricted oil or gas imports. It has been wrangling for weeks over a phased ban on imports of Russian oil.
Germany has cancelled the Nord Stream 2 pipeline, intended to bring more Russian gas to Germany under the Baltic Sea, which was awaiting certification when Moscow sent troops into Ukraine.
STATE-OWNED COMPANIES
Russian state-owned companies sanctioned by Western countries include national flag-carrier Aeroflot, defence company Rostec, shipping company Sovcomflot and others linked to Russia's military.
EXPORTS
The West has banned a raft of exports to Russia, including products made elsewhere with Western technology.
In the United States, firms wanting to export semiconductors, computers, sensors, lasers, navigation tools, or telecommunications or aerospace equipment will need a special government licence to continue trading with Russia.
The EU has banned exports of what it calls "cutting-edge technology", including semiconductors and high-end software, as well as some machinery and transport equipment.
PLANES, BANKNOTES AND HANDBAGS
Europe has closed its airspace to Russian airlines, and 78 planes leased by Russian firms that were located outside Russia have been seized, according to Russian Transport Minister Vitaly Savelyev.
The United States, the EU and Britain have barred Russian vessels from their seaports, and banned the provision of legal, consulting or advertising services to Russian firms.
They have also banned the export of luxury goods to Russia.
The EU has banned the sale, supply and export of euro banknotes to Russia, and Russian state broadcasters Sputnik and RT have been kicked off the airwaves in the EU and Britain.
By Andy Bruce LONDON (Reuters) - British retail sales jumped unexpectedly in April as shoppers loaded up on alcohol and tobacco, likely a blip in an otherwise bleak trend that has...
By Lewis Krauskopf NEW YORK (Reuters) - The stock market's brutal year neared a grim milestone as the S&P 500's slide on Friday threatened to leave it in a bear market for the...
NEW YORK (Reuters) - Speculators' net long positioning on the U.S. dollar slipped, after hitting their highest level since late November in the previous week, according to...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.