ANNOUNCEMENT 03 Feb 2014In February 2014, the government of the Russian Federation announced an altered export quota.
NUMBER OF INTERVENTIONS
Decree Nr. 73 of 3 February 2014 introdces a mechanism to limit the exports of semi-finished leather products (unprocessed bighorn cattle hides, including buffalo hides, hides of animals in the equine family, other unprocessed hides, and tanned raw leather made from the mentioned feedstock) that are deemed vital for the domestic market. Following the new regulation, the products may be covered in exceptional cases by temporary export bans and restrictions when there is a shortage of them on the domestic market.