Russia to extend tariff exemption on import of 25 thousand tons of butter until end of year

The tariff exemption for importing 25 thousand tons of butter to Russia for food production will be extended until December 31 of this year. This has become one of the measures to stabilize the domestic food market, a list of which was provided by the press service of the Ministry of Economic Development of the Russian Federation. We are talking about a product that is imported to the Russian market for food purposes. The new term of this measure will begin on June 16 of this year. Let us recall that the decision to cancel duties on the supply of butter within this volume was made by the Council of the Eurasian Economic Commission (EEC) in November, and came into force on December 23 of last year. The first term of duty-free import expires on June 15. The Ministry noted that the decision to extend the tariff exemption is aimed at further saturating the domestic market with the product and curbing the growth of prices for it. They also assured that ...