Russian Cabinet temporarily restricts exports of some petrochemicals

Business & Economy November 02, 10:35

"The decision is aimed at supporting stable supplies of feedstock to Russian manufacturing plants," the government said

MOSCOW, November 2. /TASS/. The Russian government has introduced a temporary ban on exports of certain petrochemicals from Russia outside the Eurasian Economic Union.

"The decree was signed introducing the temporary ban on exports of certain kinds of petrochemicals from Russia outside the Eurasian Economic Union. The decision is aimed at supporting stable supplies of feedstock to Russian manufacturing plants," the government said.

The restriction has been introduced for the term of three months and covers exports of coal and petroleum benzene, toluene, orthoxylene, paraxylene and phenol. The petroleum products are used in making paint coats, food package, flooring and insulation for cables, and in the medical industry.

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