On July 18, a RBC report referencing a government document informs that the Russian government is considering the possibility of cancelling export duties on specific goods for friendly countries. The proposed amendments to the law "On Customs Tariff" would temporarily reduce or eliminate export duty rates for countries deemed as friendly.
The document's explanatory note specifies that tariff preferences would be applied to "certain friendly countries" and those with whom Russia is actively developing strategic trade, economic, and political cooperation. Uzbekistan, being among the friendly countries, can potentially benefit from these trade preferences.
The reduction or elimination of export duties would potentially impact several types of goods, including fuel (oil, gas, and oil products), wheat, timber, and ferrous scrap.
Before implementation, the bill requires approval during a Cabinet of Ministers meeting, followed by consideration in the Russian parliament.
As per data from the State Statistics Committee, in 2022, Uzbekistan imported goods and services worth $6.21 bn from Russia, making it the second-largest importer after China. Russia's share in Uzbek imports exceeded 20%.
Earlier, Daryo mentioned that there has been a significant increase in illegal currency imports from Uzbekistan in Russia, as per to the Federal Customs Service (FTS). Since the implementation of a ban on exporting cash foreign currency exceeding $10,000 in March 2022, Russian customs data reveals a total of 8,337 detected attempts to illegally transport currency out of the country, amounting to approximately 900 mn rubles (equivalent to $10 mn).
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