Close Menu
Chronicle NG
    Trending Stories
    Oyo police deny reports of a bandit attack in Ogbomoso, saying panic was triggered by false rumours and misinformation.

    Police arrest three Man O’ War members for killing FUTO student

    May 31, 2026
    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    May 31, 2026
    Club Brugge netted a thrilling late equalizer while battling back twice against Atletico Madrid, leaving their Champions League knockout phase play-off tie finely balanced.

    Atletico Madrid open to sell Ademola Lookman

    May 31, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Police arrest three Man O’ War members for killing FUTO student
    • Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife
    • Atletico Madrid open to sell Ademola Lookman
    • Atiku berates Tinubu, Wike over blocking of PDP event in Abuja
    • Obi accepts NDC presidential ticket, promises to end insecurity
    • Odiong: US-based Nigerian Catholic priest convicted over sexual assault
    • BREAKING: Holders PSG beat Arsenal on penalties to win Champions League
    • Jonathan named Turaki–led PDP presidential candidate in absentia
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Sunday, May 31
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Russia hits back at Western sanctions with export bans

    Chronicle EditorBy Chronicle EditorMarch 11, 2022No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    President Vladimir Putin on Friday, spoke on the phone with the leaders of Israel and Iran, proposing mediation amid protests in Iran.
    President Vladimir Putin of Russia
    Facebook Twitter WhatsApp

    Russia has hit back at western sanctions for invading Ukraine by imposing export bans on a string of products until the end of 2022.

    The ban covers exports of telecoms, medical, vehicle, agricultural, and electrical equipment, as well as some forestry products such as timber.

    The economy ministry said further measures could include restricting foreign ships from its ports.

    It said: “These measures are a logical response to those imposed on Russia.”

    The ministry added that the bans on countries that have “committed unfriendly actions” were “aimed at ensuring uninterrupted functioning of key sectors of the economy”.

    The export ban includes more than 200 products. The measures will last until the end of the year.

    Western governments have imposed a string of sanctions on Russia, notably on buying oil, and against billionaire oligarchs seen as close to President Vladimir Putin.

    • Oil hits 13-year high as US mulls Russia crude ban

    About 48 countries will be affected, including the US and in the EU.

    The order said that export exemptions can be made for Georgia’s breakaway regions of South Ossetia and Abkhazia and for members of the Russian-led Eurasian Economic Union.

    Russia’s Prime Minister Mikhail Mishustin said the ban would include exports of goods made by foreign companies operating in Russia. Items include cars, railway carriages, and containers.

    It comes as former Russia president Dmitry Medvedev warned that assets owned by western companies that have pulled out of Russia could be nationalised.

    Firms have been leaving en masse or halting investment, including industrial and mining giants such as Caterpillar and Rio Tinto, Starbucks, Sony, Unilever and Goldman Sachs.

    On Wednesday, Moscow approved legislation that took the first step towards nationalising assets of foreign firms that leave the country.

    And in a statement on Thursday Mr Medvedev said: “The Russian government is already working on measures, which include bankruptcy and nationalisation of the property of foreign organisations.

    “Foreign companies should understand that returning to our market will be difficult.” He accused foreign investors of creating “panic” for ordinary citizens who could now lose their livelihoods.

    According to the most recent figures, Russia is the UK’s nineteenth largest trading partner, with trade between the two nations totalling £15.9bn over a year from the end of September 2020.

    After Britain banned Russian-operated ships from its ports last week a retaliatory proposal to restrict foreign ships from entering Russian ports could also come into force.

    President Vladimir Putin said on Thursday that there would be “negative consequences” for the world’s food markets due to the West’s sanctions because Russia is a major producer of agricultural fertilisers.

    “It is clear that at such moments people’s demand for certain groups of goods always increases, but we have no doubt that we will solve all these problems while working in a calm fashion,” he said.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Oyo police deny reports of a bandit attack in Ogbomoso, saying panic was triggered by false rumours and misinformation.

    Police arrest three Man O’ War members for killing FUTO student

    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    Atiku Abubakar criticises Bola Tinubu over insecurity and re-election comments

    Atiku berates Tinubu, Wike over blocking of PDP event in Abuja

    Peter Obi reacts to the kidnapping of students in Borno and Oyo states, describing the attacks as a threat to Nigeria’s future and education sector.

    Obi accepts NDC presidential ticket, promises to end insecurity

    Rev. Fr. Anthony Odiong, a US-based Nigerian Louisiana Catholic priest, was arrested in Florida on Tuesday for possessing child pornography, according to law authorities.  The suspect is reportedly accused of many other cases of sexual assault.  The Waco, Texas, Police Department announced in a Facebook post on Tuesday that officers detained Father Anthony Odiong in Ave Maria, Florida, with assistance from the United States Marshals Service.  Waco police announced in March that they had received "credible information" about a sexual assault allegedly committed by Odiong in Texas in 2012. “During the subsequent investigation, a case of possession of child pornography was uncovered,” the police said.  The priest was apprehended in Florida by the Caribbean Regional Fugitive Task Force.  The Waco Police Department said that he will be extradited to Texas.  Odiong had previously served in the Archdiocese of New Orleans before being removed as priest in December of last year due to controversy over homilies in which he claimed, among other things, that the Catholic Church was being taken over by "the gays." At the time, the priest was also accused of abusive behaviour; a Louisiana lady claimed in U.S. bankruptcy court that Odiong had committed both financial and sexual abuse against her.  Prior to joining the New Orleans Archdiocese, Odiong served in at least two Texas parishes.  On Tuesday, Waco police stated that during their sexual assault investigation, "the presence of other survivors was revealed." “Multiple women have come forward to tell similar experiences as the sexual assault survivor who reported the initial allegation,” the police department said.  “Survivors’ experiences ranged from sexual assault and indecent assault, more commonly recognised as groping, and financial abuse, with some survivors experiencing every element of Anthony Odiong’s manipulation.” The police said they “believe there may be more survivors, and we wish to speak with anyone who [has] had similar encounters” with the priest. The Archdiocese of New Orleans issued a brief news release on Tuesday noting Odiong's arrest in Florida. The archdiocese “encourages anyone with any information to contact law enforcement,” the release said.

    Odiong: US-based Nigerian Catholic priest convicted over sexual assault

    PDP ratifies Jonathan as presidential candidate Saturday

    Jonathan named Turaki–led PDP presidential candidate in absentia

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Oyo police deny reports of a bandit attack in Ogbomoso, saying panic was triggered by false rumours and misinformation.

    Police arrest three Man O’ War members for killing FUTO student

    May 31, 2026
    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    Terrorists kidnap ex-defence spokesman, Maj-Gen Abubakar, wife

    May 31, 2026
    Club Brugge netted a thrilling late equalizer while battling back twice against Atletico Madrid, leaving their Champions League knockout phase play-off tie finely balanced.

    Atletico Madrid open to sell Ademola Lookman

    May 31, 2026
    Atiku Abubakar criticises Bola Tinubu over insecurity and re-election comments

    Atiku berates Tinubu, Wike over blocking of PDP event in Abuja

    May 30, 2026
    Peter Obi reacts to the kidnapping of students in Borno and Oyo states, describing the attacks as a threat to Nigeria’s future and education sector.

    Obi accepts NDC presidential ticket, promises to end insecurity

    May 30, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.