Russia may reduce import duties on steel equipments

Russia may reduce import duties on steel equipments

Russian government is likely to reduce import duties on separate kinds of equipments used in iron and steel industry from 5-15% to 2.5-5% to be in effect for a nine-month period. The Interdepartmental Commission Customs yesterday accepted the decision to recommend the government to reduce import duties on certain equipments used in iron and steel sector from 5-15% to 2.5-5% to be effective for a nine-month period.