Views:4 Author:Site Editor Publish Time: 2021-07-12 Origin:Site
According to foreign media reports, the Information Service of the Russian Government confirmed that from August 1 to December 31 this year, aluminum produced in Russia will be levied on export duties of 15%, plus $254 per ton of aluminum.
On June 25, 2021, Russian Prime Minister Mikhail Mishustin signed a formal decree approving the levy of export duties on 340 types of non-ferrous metals and steel products. Primary aluminum under the customs commodity code 760110 will also be taxed. Products such as aluminum rods, bars and profiles are not included in the list, and some specific aluminum alloys are included in the list.
In recent years, Russia has not been the main primary aluminum supplier in North America. In addition, Russia mainly sells value-added aluminum products to this market, while Russia sells large amounts of primary aluminum to Europe and Asia. If Russian aluminum is exported to countries in the Eurasian Economic Union-Armenia, Belarus, Kazakhstan and Kyrgyzstan, no export duties will be imposed.
On June 25, 2021, the Russian Government Information Service said: “The implementation of tariffs will make it possible to reduce the impact of external conditions on the domestic market and adjust the prices of metals and metal products.”