Export duties on
aluminium alloys will be established at zero percent. A directive to this
effect has been approved by Prime Minister Mikhail Mishustin. The decision will
make it possible to strengthen the export potential of alloy producers and
maintain employment levels at major plants. A reduction of import duties on ferrosilicium down to
five percent was also approved. Earlier, the Government had introduced a 15-percent provisional
duty on this alloy, but not less than $150 per one metric tonne, as well as a
15-percent duty on aluminium, but not less than $254 per one metric tonne.
The directive will
come into effect in 30 days and will apply to legal relations that arose starting
from 18 October and onwards.
In June, the
Government established provisional duties on exported ferrous and non-ferrous
metals. The decision was prompted by the growth of world prices for metal
products. The surge in prices made it difficult to implement major
infrastructure projects and necessitated additional spending on the
construction of social facilities. Introducing the duties made it possible to
alleviate the impact of the external situation on Russia’s domestic market. The
current decision to revise certain rates represents a response to industry
appeals and is due to certain shifts in the external market situation.
