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List Of Recent Trade Bans And Restrictive Measures in Various Countries

Jan 31, 2023

1. Zimbabwe--A complete ban on the export of all kinds of raw ore

Zimbabwe's Mining Minister Winston Chitando recently signed and issued Statutory Instrument No. 5 of 2023 - the "2023 Basic Minerals Export Control (Unprocessed Basic Minerals) Order", which prohibits the export of all mineral raw ores unless special exemptions are obtained.

 

2.Uzbekistan--Temporary restrictions on onion exports

According to the "Satellite Network" report, due to the recent severe cold weather, the average retail price of onions in Uzbekistan has almost doubled. The head of the General Directorate of Agricultural Technology of the Ukrainian Ministry of Agriculture announced that in order to reduce domestic market prices and ensure food security, the Ukrainian authorities have imposed a temporary restriction on onion exports for a period of four months (until the end of April 2023).

 

3.Turkmenistan--Suspension of natural gas exports

Gas supplies to Uzbekistan are being disrupted as neighboring Turkmenistan suspends gas exports amid low temperatures, Uzbekistan's energy ministry said. Currently, Uzbekistan has stopped electricity exports to ensure energy supply in the domestic market.

 

4.Kazakhstan--Petrol and diesel export ban extended for another 6 months

According to the Kazakhstan News Agency on January 23, Kazakhstan's Ministry of Energy, Ministry of Finance, Ministry of Internal Affairs and National Security Council jointly signed a document to extend Kazakhstan's ban on the export of gasoline and diesel for another six months.

 

5.Russia--Extend rice export ban for half a year

The Russian government recently issued a law to extend the rice export ban for six months. The document shows that the Russian Federation has imposed an export ban on rice, which is valid from January 1, 2023 to June 30, except for supplies to countries in the Eurasian Economic Union.

 

abandon log exports

The Financial Associated Press reported on January 17 that Russian President Vladimir Putin said at a meeting on economic issues that it is necessary to abandon the export of round logs and supply all of them to the domestic market, and this process should be accelerated as much as possible. He noted that the situation in Russia's wood processing industry remains difficult. In November 2022, wood processing and wood product production fell by 21.4%.

 

Prohibition of oil exports to price-limiting countries

According to Itas news agency, Russian President Vladimir Putin signed a decree on the adoption of special economic measures against certain countries’ imposition of price limits on Russian oil and its products, stipulating that unless specifically approved by President Putin, it is prohibited to directly or indirectly use prices in contracts. Capping mechanism for foreign buyers to supply oil and its products. The oil export ban involved in the decree will take effect on February 1, 2023 and will be valid until July 1, 2023; the effective date of the oil export ban will be determined by the Russian government.

 

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