MOSCOW, November 8. /TASS/. The discounts for gold on the Russian market are currently much lower than the flexible export duty, Board Chairman of the Russian mining and metals holding Seligdar told reporters.

"In case we export metal, we will pay the duties in place. We already have a series of small deliveries; we have already paid the duty. What we see now is that discounts on the domestic market are smaller than the duty rate. It is premature to say whether this will continue but we can say they are much smaller," Alexander Khrusch said.

The company will not export the entire volume and potential export supplies will not exceed 12% of the annual volume, the board chairman noted.

The Russian government introduced flexible export duties earlier for precious metals, gems, pearls, non-ferrous and ferrous metals from 0% to 7%, depending on the dollar rate.

Seligdar is also going to pay the windfall tax in 2023, using the grace period, the chairman said. "We are in the process; we will pay on time this year," he added.