Russia: Fishery and Forestry Tariffs Lowered

On August 4, 2015, the Government of Russia (GOR) approved Resolution #786, “On amendments to export customs tariff rates for commodities, exported from the Russian Federation outside of the boundaries of states - members of the Customs Union Agreement.” The Resolution decreases export duties on certain types of agricultural and non-agricultural products, including fish, seafood, and wood products. The document comes into force starting September 1, 2015. Lower export taxes are expected to increase exports and increase domestic prices for these products. 

Russia: Fishery and Forestry Tariffs Lowered