Russia's Ministry of Finance has published details of a signed resolution banning exports of selected petrochemicals to destinations outside the Eurasian Economic Union for three months. The measure is intended to maintain supplies of raw materials for Russian industrial enterprises. The ban covers coal-tar benzene, petroleum benzene and toluene. Orthoxylene, paraxylene and phenol are also covered. Uses of these products include paints and varnishes for transport manufacturing, food packaging, cable insulation and pharmaceuticals. Exemptions apply to petrochemical products in international transit, shipments supplied as international humanitarian aid and exports supporting the activities of Russian organisations in the Spitsbergen Archipelago.
Russia's Ministry of Finance reports temporary ban on selected petrochemical exports outside the Eurasian Economic Union
Russia's Ministry of Finance has reported a ban lasting three months on exports of specified petrochemicals outside the Eurasian Economic Union to maintain domestic industrial supplies. The restriction covers six products, including benzene products, toluene and phenol. International transit, humanitarian aid and exports supporting Russian organisations in the Spitsbergen Archipelago are exempt.