ANNOUNCEMENT 25 May 2016In May 2016, the government of the Russian Federation announced a change in export taxation.
NUMBER OF INTERVENTIONS
Decree No. 455 of 25 May 2016 temporary abolished the payment of export duty on tungsten ores and concentrates, classified under code 2611 00 000 0, for the period 24 June 2016-1 June 2017, inclusive.
Since 25 January 2014 the export duties with respect to these products are set at 10 percent of the customs value. In the official explanatory note that accompanies Decree No. 455 is stated that this state intervention has the purpose to stimulate the production and exports of tungsten concentrates.