Trade and markets
 

Detail

Area
Russia
Commodity Group
Grains
Commodity
Grains
Date
01/05/2017
Policy Category
Consumption and marketing
Policy Instrument
Government market intervention
Description
Announced top 23 traders of Russian grain signed the “Charter on Grain Turnover”, which was developed to discipline the procedures for VAT reimbursement on exported agricultural products. According to the Russian legislation, companies that export products are eligible for VAT refunds on any purchases they make for exports.