The Russian government has announced that starting from September 1 this year export customs duty rates for ferrous scrap shipments outside the Eurasian Customs Union have been reduced.
Accordingly, the export duty rate has been reduced to five percent, not lower than €5/mt, from 7.5 percent.
The resolution was drafted by Russia’s Ministry of Economic Development in line with the country’s international commitments and in connection with its accession to the World Trade Organization (WTO).