ANNOUNCEMENT 04 May 2022

In May 2022, the Russian Ministry of Agriculture increased the export duty on sunflower oil.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Interfax (04.05.2022). "Пошлина на экспорт подсолнечного масла из РФ с 1 июня повысится до $525". Retrieved on 30.05.2022: https://www.interfax.ru/business/839273
TASS (04.05.2022). "Россия с 1 июня повысит пошлину на экспорт подсолнечного масла до $525 за тонну". Retrieved on 30.05.2022: https://tass.ru/ekonomika/14545959?utm_source=google.com&utm_medium=organic&utm_campaign=google.com&utm_referrer=google.com
Akkor (04.05.2022). "ПОШЛИНЫ НА ЭКСПОРТ ПОДСОЛНЕЧНОГО МАСЛА И ШРОТА ВЫРАСТУТ В ИЮНЕ". Retrieved on 30.05.2022: https://www.akkor.ru/statya/9003-poshliny-na-eksport-podsolnechnogo-masla-i-shrota-vyrastut-v-iyune.html

Inception date: 01 Jun 2022 | Removal date: 30 Jun 2022

Export tax

On 4 May 2022, the Ministry of Agriculture of the Russian Federation increased the export duty on sunflower oil. According to the Ministry, the export duty will increase from USD 372.2 per ton to USD 525 per ton. 

The duty is determined based on sunflower oil's indicative price of USD 1750 per ton. The export duty will be in force from 1 June 2022 until 30 June 2022, and it will apply to all exports outside the Eurasian Economic Union.

This measure is taken in accordance with Resolution N546, see related state act.

AFFECTED SECTORS

 

AFFECTED PRODUCTS