The Russian government announced the expansion of the export of scrap and waste of ferrous metals outside the Eurasian Economic Union (EAEU), which in addition to Russia includes Armenia, Belarus, Kazakhstan and Kyrgyzstan. This measure is designed to allow exporters to sell additional volumes that exceed domestic demand, weakening an excess in the local market.
New volumes of quotas
in accordance with the new The export quota resolution was increased by 300,000 tons, as a result of which the total amount was 1.8 million tons, compared with 1.5 million tons. The Ministry of Industry and Trade will be responsible for the distribution of additional quota between participants in foreign trade. The decision will be valid until December 31, 2025.the structure of the export duty export duties remain differentiated depending on the limits Quotes:
- in the framework of the quota: five percent of duties, but not less than € 15/t
- above the quota: five percent of the duty, but not less than € percent 290/t
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