Global Trade Alert
Global Trade Alert

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

Announcement

25 Jun 2024

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

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

01 Jul 2024

Revocation date:

30 Sep 2024

Updated: 25 Jun 2024
Export tax
On 25 June 2024, the government of Russia decreased export taxes on goods subject to the "flexible export duty" system from 5.5% to 4.5%. The regime covers over 2'900 tariff lines at a 6-digit level. ...
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