The new duties — linked to the ruble exchange rate — will come into force in October and remain in effect until the end of 2024.
The Russian government is introducing ‘flexible export duties’ on certain types of products, including seafood, which will be linked to the ruble-US dollar exchange rate.
“The measure is temporary and aimed at protecting the domestic market,” the government press service said.
The duty will be calculated based on the average exchange rate of the ruble to the US dollar established by the Central Bank over a monthly period.
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