Ongoing Russian Trade and Economic Measures in Late 2023

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Russian authorities have temporarily halted the export of waste and scrap precious metals, a move confirmed by TASS citing the government press service. The restriction is set to take effect from November 1, 2023, and will remain in place through April 30, 2024. This is not the first time Russia has imposed such limits; a prior ban operated from March 20 to September 20 of the same year, signaling ongoing regulatory concern over this valuable material stream.

In a separate economic update, on October 31, Prime Minister Mikhail Mishustin reported that Russia’s gross domestic product rose by 2.8 percent year over year for the period January to September 2023. He noted that by September, the country’s GDP growth rate had surpassed 5 percent in comparison with the previous year, highlighting a notable acceleration in the late summer months as part of the broader macroeconomic trend.

Earlier statements from the Ministry of Agriculture indicated that a draft measure would be developed to ban the export of certain kinds of poultry meat from Russia. The proposal reflects ongoing regulatory attention to agricultural exports and the potential impact on both domestic markets and international trade relations as the government seeks to balance supply, prices, and foreign policy considerations.

Additionally, Deputy Prime Minister Alexander Novak stated on October 19 that Russia did not plan to ease restrictions on diesel fuel exports in the near term. The stance underscores the government’s preference for maintaining tighter control over energy-related commodity flows amid global market fluctuations and domestic energy demand concerns.

Meanwhile, remarks attributed to President Vladimir Putin touched on the political leadership in Russia, with a casual aside that drew attention to discussions surrounding the country’s top governing bodies. The exchange reflected the public and media interest in the dynamics of state governance as officials navigate economic and regulatory priorities.

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