Putin signs law on tariff preference to friendly states ...Middle East

Moscow: Russian President Vladimir Putin has signed a law that authorizes the government to temporarily reduce or fully eliminate export duties of certain goods to “friendly countries”. The law signed on Monday will empower the Russian government to lower export duties on shipments to friendly countries for a period of up to six months. The government can also temporarily reduce or cancel export duties for a certain amount of products for no longer than one year, Xinhua news agency reported. When this measure was first introduced in August, Russian Prime Minister Mikhail Mishustin said it aimed to increase Russian exports to friendly countries. “To incentivize the growth of grain, fertilize

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Last updated : 26 Dec 2023 clock 02:40 AM

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Putin signs law on tariff preference to friendly states ...Middle East

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