Flexible Export Tariffs for Various Goods, Including Tobacco, in Russia

Regulations by 2FIRSTS.ai
Sep.26.2023
Flexible Export Tariffs for Various Goods, Including Tobacco, in Russia
Russian government announces flexible export tariffs on various goods, including tobacco, based on USD to RUB exchange rate.

According to the official website of the Russian Nicotine Alliance, on September 23, the Russian government announced the implementation of flexible export tariffs on various goods, including tobacco products.

 

If the exchange rate of the US dollar exceeds 80 rubles but is below 85 rubles, the tariff will be 4%. If the exchange rate is equal to or greater than 85 rubles but below 90 rubles, the tariff will be 4.5%. If the exchange rate is equal to or greater than 90 rubles but below 95 rubles, the tariff will be 5.5%. If the exchange rate is 95 rubles or above, the tariff will be 7%. No export tax will be imposed if the exchange rate of the US dollar is 80 rubles or below.

 

The measure is temporary and aims to protect the domestic market in Russia. Flexible export tariffs linked to the ruble exchange rate will come into effect on October 1st.

 

Disclaimer: 
This article is translated from an original Chinese article available on 2firsts.cn by AI, and has been reviewed and edited by 2FIRSTS's English editorial team. The Chinese original text is the only authoritative source of information. The exclusive copyright and license rights to this article are held by 2FIRSTS Technology Co., Ltd. Any reproduction, reprinting, or redistribution of this article, either in part or in full, requires express written permission from 2FIRSTS and must include clear attribution along with a link to this content. Non-compliance may result in legal action. 2FIRSTS Technology Co., Ltd. reserves the right to pursue legal actions in case of unauthorized use or distribution.

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