Russia bans wide range of exports in response to Western sanctions

Russia will suspend exports of medical and tech equipment as part of a wide-ranging export ban according to an order issued Thursday.

The country will ban exports of over 200 products, including vehicles, agricultural machinery, electric equipment and "technological, telecommunication and medical equipment," the government said.

Russia's export ban comes just days after the U.S. said it would halt oil and energy imports and countries in Europe announced their own sanctions aimed at the financial sector.

Russia has yet to detail the full list of products subject to sanctions, and Thursday's order said restrictions on exports are "necessary to maintain stability on the Russian market." The ban affects all countries except the group of ex-Soviet countries that make up the Eurasian Economic Union.

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Source: Supply Chain Dive