Russia to introduce export duties on green lumber sales to rein in price growth ...News

Russia Today - Economy
Russia to introduce export duties on green lumber sales to rein in price growth
source : Russia Today ( News ) () 37
An export tax of as much as 10% will be imposed on sales of several sorts of Russian wood, according to a government order signed by Prime Minister Mikhail Mishustin on Friday. The export duties on unprocessed timber with a moisture content exceeding 22% come into effect starting July 1, and remain in force until the end of the current year. The measure will reportedly help to limit exports of rough unprocessed wood produce, as well as to hold down the price for it in the domestic market. The duties are also expected to make businesses shift focus to manufacturing wood products with high added value. Also on

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