Russia raises log export duties as to promote domestic wood processing

Russia raises log export duties as to promote domestic wood processing
The Russian government announced a new ministerial ordinance regarding log exports from the Far East regions.     It states that if any company, which achieved a certain amount of wood processing, wishes to export logs, 6.5% export duty rate is applied. Then the duty will be increased step by step and the rate will be 80% after 2021, which practically prohibits log exports.    The idea is to promote wood processing in the Far East regions. The ordinance is effective since January 1, 2018.    While promoting processing wood, the ...

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