Negative factor: tightening restrictions on exports to Russia

The main change that applies directly to the Russian Federation is the rule abolishing exceptions for American exporters who previously could supply a relatively wide range of goods intended for civilian use to Russia without a license, Alexander Zyurikov, an expert from New Riga Finance Club, told a correspondent. Now, for goods intended for use exclusively for civilian purposes in the Russian Federation, the exporter will need to receive a special license from the US Department of Commerce. These restrictions apply not only to Russia. The list of countries affected by the changes also included China, Venezuela, Armenia, Azerbaijan, Ukraine and others. These changes are explained by the fact that the integration of the military and civilian sectors in countries such as China and Russia makes it impossible to identify the end user. In other words, the product or technology can be used for military purposes. I believe that in the long run, trade restrictions are certainly a negative factor. However, in the short and medium term, the impact of news on both the economy in general and the stock market of the Russian Federation in particular is very limited. The likely effect in the short term is likely to be additional pressure on the ruble, the expert believes. According to the news agency, the US authorities introduced tougher export restrictions on Russia and some other countries from June 29. See also: Export restrictions on the Russian Federation entered into force in the United States