Authorities discussing fertilizer duty cut — sources

Business & Economy August 29, 2023, 16:28

It is confirmed that the matter of lowering the rate to 7% is under discussion

MOSCOW, August 29. /TASS/. Russian authorities are discussing the issue of introducing a uniform export duty rate of 7% for fertilizers and not 8% as discussed earlier, two informed sources told TASS.

"A draft decree has been presented. As regards the rate, the reduction from 8% to 7% is being discussed for the period from September 1 until the end of 2024," a federal official familiar with the matter said. Another source confirmed that the matter of lowering the rate to 7% is under discussion.

The Finance Ministry did not respond to a query from TASS.

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