ANNOUNCEMENT 24 Feb 2013In February 2013, the government of the Russian Federation announced a change in export taxation.
NUMBER OF INTERVENTIONS
On February 24, 2013, the Russian Newspaper Ria Novosti reported that a new amber gemstone industry development strategy will be discussed by the government in May 2013. The new policy would affect the Russian Region of Kalingrad, in which more than 90 per cent of world's amber gemstone is extracted.
The policy would affect foreign commercial interests as follows: