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Russian Federation Council ratifies trade agreements with Abkhazia, South Ossetia

December 18, 2013, 13:01 UTC+3 18
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MOSCOW, December 18 (Itar-Tass) - The Russian Federation Council (upper house of parliament) has ratified intergovernmental trade agreements with the Caucasus republics of Abkhazia and South Ossetia.

The documents stipulate duty-free import of goods with some exemptions, such as sugar, alcohol and tobacco, as well as export duties on a number of goods provided for by the Russian law.

Besides, in the first year after the agreements enter into force, there will be no export duties on petrol and diesel fuel intended to be used in the republic of Abkhazia in an amount under 50,000 tonnes per year, and no more than 35,000 tonnes for the republic of South Ossetia.

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