The US bans exporting smartphones valued over $300 to Russia

The US Department of Commerce recently announced an update to the list of goods that are subject to restrictions on supplies to Russia and Belarus. This new list includes a large number of things that are subject to these restrictions. This decision is significant as it will have an impact on the trade between the US and Russia.

The US has banned the export of smartphones worth more than $300 to Russia

According to the new rules, the supply of smartphones and printers that cost over $300, air conditioners and refrigerators that cost over $750, as well as dishwashers, electronic scales, vacuum cleaners that cost over $100, microwave ovens, coffee machines, sound recording and reproducing equipment, and TVs are restricted. This means that these items can only reach Russia and Belarus with an export license. However, these licenses will not be granted in most cases, as they are usually denied.

The updated list of goods is a result of the ongoing tensions between the US and Russia. The US government has been taking tough restrictions against Russia over issues such as human rights abuses and election interference. Also, the US has imposed a series of sanctions on Russia over these issues. And the updated list of goods is part of these measures.

The restrictions on the supply of luxury goods to Russia will have significant implications for the economy of these countries. Many companies in Russia and Belarus rely on imported goods. And the restrictions will make it more difficult for them to access these products. This could lead to a rise in prices, as businesses may have to look for alternative suppliers or increase their prices to cover the cost of obtaining an export license.

However, there are exceptions to the restrictions. The supply of equipment for humanitarian purposes or for foreign companies leaving Russia and/or Belarus is exempt from the restrictions.