The Russian businessman ceased the majority ownership and control of the group as part of the agreement with the US Office of Foreign Assets Control in 2019, the statement reads.

External conditions remain challenging for the Russian economy, the regulator pointed out.

The number of restrictions exceeds the numbers of all other restrictions ever imposed on any other country, the Russian Prime Minister stressed.

The sanctions are doing what they’re meant to: They’re causing low-level, but fundamental, stress on the Russian economy, Philip Nichols, an expert on Russia at the University of Pennsylvania said.

Josep Borrell ruled out a decision to ban gas imports from Russia at the European level.

Earlier, the Lithuanian Energy Ministry said that it has fully abandoned imports of Russian gas.

Russian producers mainly buy palm oil, machinery and equipment, natural rubber, footwear and cocoa beans and products from them.

The present forecast is highly uncertain, the statement reads.

The center for support of the economy in conditions of sanctions is working in the government almost 24 hours a day, Mishustin added.

The list of products will be defined on the basis of proposals of relevant federal executive authorities, the Russian Industry and Trade Ministry noted, adding that products necessary "for saturating the consumer market" will be put on the list.