ST. PETERSBURG, June 22 (Itar-Tass) - Russia will create a waste recycling industry by 2020, Minister of Natural Resources and the Environment Sergei Donskoi said.
“We have drafted amendments to the Waste Law which hold manufacturers responsible for disposal and recycling of their waste. A manufacturer whose products will be disposed of later should include the recycling fee in the cost of the products,” the minister said at the St. Petersburg International Economic Forum on Saturday, June 22.
He believes that the fee will be 0.4 percent of the cost of a product. “It should not fuel inflation due to big competition in the market, on the one hand, and, on the other hand, this will make it possible to accumulate money in a state fund to finance the construction of waste disposal and waste sorting plants,” Donskoi said.
“Basically, we should create an industry with a large number of waste recycling facilities within the next seven years by 2020,” the minister said.
He said the law should enter into force by the spring of 2014.