Russia may allow duty-free imports of beef and pork

Published 2021년 11월 8일

Tridge summary

The Russian Ministry of Economic Development and the Ministry of Agriculture are contemplating the introduction of duty-free imports of up to 200 thousand tons of frozen beef and up to 100 thousand tons of frozen pork in 2022. These imports would need to be processed in Russia. The decision is aimed at stabilizing domestic prices for socially significant products, but will be implemented based on the market situation and prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Ministry of Economic Development and the Ministry of Agriculture are discussing the possibility of introducing duty-free imports of pork and beef to Russia, Vedomosti writes with reference to the participants in the ministries' meetings. A source in the financial and economic block of the government clarified in an interview with the newspaper that we are talking about exemption from the payment of duties on imported frozen beef in the amount of no more than 200 thousand tons in 2022, as well as no more than 100 thousand tons of frozen pork from January to June 31 next of the year. As conceived by the authors of the initiative, importers will have to fulfill the condition in the form of targeted import, since the meat must be processed on the territory of Russia. "This measure will become part of comprehensive solutions to stabilize ...
Source: Milknews

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