Russia imposes retaliatory duties on some us goods

Russia’s response to the illegal us tariffs on imported steel and aluminum in March 2018 steel tariffs on some American goods. This was announced by the Minister of economy of Russia Maxim Oreshkin Tuesday, June 19, during a visit to Minsk, according to Reuters.

Innovation refers to products that have «equivalent on the Russian market and will not have a negative effect on macroeconomic performance,» said Oreshkin. An itemized list will be announced in the near future. While it is known that restrictions do not affect medicines, but suffer the import of «road construction equipment».

The Minister of economy of Russia called it «balancing measures» after the introduction of Washington’s import duties on steel and aluminium, which significantly affected some Russian companies.

Reuters suggests that the decision of the Ministry of economy «helps» to the Russian oligarch Oleg Deripaska — owner of the largest in Russia production of road construction equipment, which are now in the list of the victims of US sanctions.

The speaker of the Federation Council of Russia Valentina Matviyenko said about retaliatory sanctions, which are prepared by Russia, in April.