Turkish authorities impose media ban on coverage of Istanbul explosionWorld December 11, 3:01
Erdogan says Istanbul terrorist attack causes fatalitiesWorld December 11, 2:52
Istanbul explosions leave 15 dead, 69 wounded — TV channelWorld December 11, 2:38
Three settlements in Syria join cessation of hostilities — Russia’s Defense MinistryWorld December 11, 2:34
TV: Islamic State re-enters ancient city of PalmyraWorld December 10, 21:20
Saudi minister says Russia led consultations process with OPECBusiness & Economy December 10, 20:41
UK foreign secretary says protection of civilians should be 'top priority' in SyriaWorld December 10, 20:31
Non-OPEC states join historic oil cut dealBusiness & Economy December 10, 20:23
Russian diplomat urges Western reporters to be unbiased in war news coverageRussian Politics & Diplomacy December 10, 20:08
MOSCOW, January 14. /TASS/. Russian Economic Development Ministry developed draft of sanction exemption rules for Turkish companies. The document was posted on the official web portal of draft regulatory acts on Thursday.
Draft regulations comprise rules of selecting contracts with companies under Turkish jurisdiction and companies controlled by Turkish citizens that will be exempted from sanctions introduced by the decree of the Russian president.
Contracts may be exempted from sanctions if failure to execute them affects discharge of domestic or foreign commitments of Russia or [Russian] companies. This rule will be effective if there is no opportunity to substitute other sources for goods and services of the contract or if the replacement is economically unfeasible.
Exemptions will also apply to contracts affecting interests of Russia’s security or a wide range of consumers if it is not possible to make a replacement. or if it could result in significant complications in implementation of economic, technical, financial and innovative programs of Russia and its constituent entities.
Contracts will be screened by the government sub-commission under the Economic Development Ministry. The decision to exempt the contract from sanctions will be formalized through a government resolution.