Factbox-Western trade and transport sanctions on Russia

(Reuters) – The West has imposed an unprecedented bundle of sanctions on Russia, its high firms and its enterprise and political elite in response to Moscow’s invasion of Ukraine.

The measures have triggered an exodus of international companies, raised the prospect of Russia defaulting on its sovereign debt, and look set to set off a deep financial contraction.

Here’s a abstract of the principle sanctions on items commerce and transport:

ENERGY FLOWS

America has banned imports of Russian crude oil, fuel and coal.

Britain mentioned it might section out the acquisition of Russian oil by the top of 2022.

The EU, Russia’s largest vitality buyer, has banned the import of Russian coal, however has to date not restricted oil or fuel imports. It has been wrangling for weeks over a phased ban on imports of Russian oil.

Germany has cancelled the Nord Stream 2 pipeline, supposed to deliver extra Russian fuel to Germany below the Baltic Sea, which was awaiting certification when Moscow despatched troops into Ukraine.

STATE-OWNED COMPANIES

Russian state-owned firms sanctioned by Western nations embody nationwide flag-carrier Aeroflot, defence firm Rostec, transport firm Sovcomflot and others linked to Russia’s army.

EXPORTS

The West has banned a raft of exports to Russia, together with merchandise made elsewhere with Western know-how.

In the US, companies eager to export semiconductors, computer systems, sensors, lasers, navigation instruments, or telecommunications or aerospace gear will want a particular authorities licence to proceed buying and selling with Russia.

The EU has banned exports of what it calls “cutting-edge know-how”, together with semiconductors and high-end software program, in addition to some equipment and transport gear.

PLANES, BANKNOTES AND HANDBAGS

Europe has closed its airspace to Russian airways, and 78 planes leased by Russian companies that had been situated outdoors Russia have been seized, in response to Russian Transport Minister Vitaly Savelyev.

America, the EU and Britain have barred Russian vessels from their seaports, and banned the availability of authorized, consulting or promoting companies to Russian companies.

They’ve additionally banned the export of luxurious items to Russia.

The EU has banned the sale, provide and export of euro banknotes to Russia, and Russian state broadcasters Sputnik and RT have been kicked off the airwaves within the EU and Britain.

(Reporting by Reuters; Enhancing by Kevin Liffey and David Evans)