Trade and markets
 

Detail

Area
Russia
Commodity Group
Grains
Commodity
Wheat
Date
01/05/2015
Policy Category
Trade
Policy Instrument
Export tariff
Description
Approved the launch of a new wheat export tax from 1 July at 50 percent of the customs price per tonne minus 5 500 roubles (USD 105), but not less than 50 roubles per tonne.
Notes
The new tax was intended to stop exports surging if the rouble drops steeply.