The Customs Subcommittee approved a ban on the export of sugar from the Russian Federation until August 31

Published 2024년 4월 5일

Tridge summary

The Russian Subcommittee on Customs, Tariff and Non-Tariff Regulation, Protective Measures in Foreign Trade has implemented a ban on sugar exports, including cane, beet sugar, and pure sucrose in solid form, until August 31, 2024. This measure is designed to maintain adequate domestic sugar reserves by limiting the recent surge in sugar exports, which have tripled this season compared to the last. While the ban is in place, exceptions will be made for exports to EAEU countries under specific conditions and with the necessary permits. The decision is a response to the need to stabilize the domestic market amidst a projected increase in Russia's sugar production, thanks to a high sugar beet harvest, while also honoring commitments to EAEU partners.

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Original content

Moscow. 5th of April. INTERFAX.RU - The Subcommittee on Customs, Tariff and Non-Tariff Regulation, Protective Measures in Foreign Trade on Friday approved a ban on the export of sugar from the Russian Federation until August 31, 2024. This was reported to Interfax by market sources familiar with the decision of the subcommittee. As reported, in mid-March, the Ministry of Agriculture prepared a draft government decree banning the export of sugar from the Russian Federation until August 31, 2024. “To establish, from the date of entry into force of this resolution until August 31, 2024 inclusive, a temporary ban on the export of cane or beet sugar and chemically pure sucrose in the solid state (code 1701 of the EAEU Commodity Nomenclature for Foreign Economic Activity) from the Russian Federation,” said the draft resolution posted on the website regulation.gov.ru. The document provided for a number of exceptions. In particular, the Ministry of Agriculture proposed not to extend the ...

Source: Interfax