10,158.63 TRY BIST 100 BIST 100
34.96 EUR EUR EUR
32.29 USD USD USD
4.49 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.90 TRY Interest Interest
83.06 USD Fossil Oil Fossil Oil
29.52 USD Silver Silver
4.92 USD Copper Copper
113.25 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,472.54 TRY Gold (gr) Gold (gr)

Russia to impose duties on almost all exports, including metal products

The Ministry of Finance and the Ministry of Economy are considering the possibility of introducing export duties on almost all types of goods from October 1 until the end of 2024.

Russia to impose duties on almost all exports, including metal products

The Ministry of Finance and the Ministry of Economy are considering the possibility of introducing export duties on almost all types of goods from October 1 until the end of 2024, except for those for which there are either no payments or their size does not take into account changes in the ruble exchange rate.

Thus, duties will not affect oil, petroleum products, gas, timber, scrap and grain. 

The amount of the duty depends on the dollar exchange rate. At a rate of 80–85 rubles. it will be 4%, 85-90 rubles - 4.5%, 90-95 rubles - 5.5%, above 95 rubles - 7%. The duties will affect the largest items of Russian non-oil and gas raw material exports: metals, coal and fertilizers.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

The price outlook for Chinese steel products in the second half of May 2024

Thursday, May 16, 2024

Saudi pipelines secures dual deals with Aramco worth millions

Thursday, May 16, 2024

India's HRC exports fall in April

Thursday, May 16, 2024

Taiwan's Feng Hsin keeps prices stable

Thursday, May 16, 2024

Ukraine's flat-rolled steel exports decline in April, but up on an annual basis

Thursday, May 16, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now