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Country Risk

Russian counter-sanctions likely to target multiple sectors in bilateral trade with US, including pharmaceuticals, aerospace and services

16 April 2018

Event

On 13 April 2018, the State Duma chairman Vyacheslav Volodin and the heads of four factions in the lower chamber of the parliament introduced a bill, #441399-7, proposing counter-measures to the recently introduced US sanctions against Russian individuals and companies.

In its current state, the bill proposes a broad range of potential restrictions, including curbs on imports of farming products, alcohol, tobacco and pharmaceutical products from the US, potential ban on US consulting, auditing and law firms providing services to the Russian state-owned companies, restrictions on US software use, restricting cooperation in nuclear energy and space launches, as well as a possible ban on Russian exports of titanium, used in aircraft engineering, and rare earths to the US.

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