Russia: Government announces export duties under the flexible export tax system (March 2024)

Announcement

26 Feb 2024

In February 2024, the government of the Russian Federation announced export duties under the flexible export tax system applicable in March 2024. The export duties on most goods will be increased from 4.5% to 5.5%, while the export tax on fertilisers will remain at the same rate as in October 2023.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Mar 2024

Revocation date:

30 Jun 2024

Updated: 26 Feb 2024

Export tax

On 26 February 2024, the government of Russia increased export taxes on goods subject to the "flexible export duty" system from 4.5% to 5.5%. The decrease concerns the export duty rates for March 2024...