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.
Russia to gradually increase log export duties in order to promote domestic wood proccessing
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