MOSCOW (Reuters) - Russian lawmakers said on Friday they had drafted legislation in response to new U.S. sanctions that would give the authorities the power to ban or restrict imports of a raft of U.S. goods and services to Russia.
Below are the goods that can be banned and cooperation areas which could be affected by the legislation:
IMPORTS OF AGRICULTURAL AND FOOD PRODUCTS
Many U.S. agricultural imports to Russia have been banned since 2014 as part of wider restrictions Moscow imposed on Western food in retaliation for international sanctions over Ukraine. The products banned include milk and dairy, beef, pork, poultry, fish, fruit, vegetables, and nuts.
New restrictions could affect food products which have not been targeted by the existing ban, such as tea, coffee, confectionery, although no detailed list was unveiled.
According to the Russian Agriculture Ministry, U.S. imports of agricultural products stood at $930 million in 2017.
IMPORTS OF ALCOHOL AND TOBACCO PRODUCTS
Russia imports U.S. spirits including whiskeys Jim Beam and Brown-Forman’s Jack Daniels. U.S. cigarette brands are mostly produced locally.
U.S. imports of tobacco products and hard liquor to Russia amounted to $76 million and $53 million respectively last year, the Russian Agriculture Ministry said.
IMPORTS OF PHARMACEUTICAL PRODUCTS
The proposed measures envisage a full or partial ban on imports of U.S. pharmaceutical products, with the exception given to drugs that have no alternatives produced in Russia or elsewhere.
The lawmakers said “any other” U.S.-made products could be banned, without elaborating. The list has to be defined by the Russian government.
TECHNOLOGICAL EQUIPMENT AND SOFTWARE
Russia may ban state entities from procuring U.S. technological equipment and software, potentially targeting Microsoft, Apple, Alphabet, Cisco and others.
CONSULTING AND AUDIT
The measures include a proposed ban for U.S. companies or companies in which U.S. direct or indirect ownership exceeds 25 percent to provide consulting, audit and legal services to Russian state and municipal entities.
RUSSIAN EXPORTS OF RARE EARTH METALS TO USA
The measures include restrictions on Russian exports of products and equipment made of rare earth metals. A Russian senator said on Friday that could mean a ban on titanium exports from VSMPO-Avisama to Boeing.
The proposed measures suggest Russia should suspend cooperation with the United States on atomic energy, rocket engines and aircraft manufacturing.
The latter could have an impact on Irkut’s MS-21 medium-range passenger plane, powered by engines supplied by Pratt & Whitney which is owned by Connecticut-based United Technologies Corp. Irkut’s state-controlled parent company United Aircraft Corporation declined comment.
Russian state nuclear corporation Rosatom is also a major supplier of enriched uranium to the United States. Russia supplies meet around 20 percent of U.S. uranium needs. Rosatom also cooperates with General Electric Co on turbines through GE’s French subsidiary Alstom.
The new legislation could also hurt the U.S.-Russia initiative to prevent nuclear terrorism.
Russian lawmakers suggest Russia should ban U.S. companies or entities in which U.S. companies have more than 25 percent from taking part in privatization of state and municipal assets.
Such companies also should not help arrange Russian privatization deals - a measure likely targeting U.S. investment banks J.P.Morgan, Citigroup, Morgan Stanley
The lawmakers suggested raising air navigation services charges for U.S. planes using the Russian airspace.
Reporting by Maria Kiselyova, Polina Devitt and Gleb Stolyarov; Editing by Toby Chopra
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