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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.

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