The Ministry of Economic Development and the Ministry of Industry and Trade are implementing proposals to increase duties on some goods imported into Russia from the European Union, write “Vedomosti”.
According to the newspaper, duties may rise on beer, certain types of wines, perfumes, decorative cosmetics and other goods, such as agricultural equipment and footwear. Rates not yet recommended.
The respondents noted that this measure may be a response to the restrictions on steel imports, which the European Commission has extended until June 30, 2024. As a spokesman for the Ministry of Industry and Trade, he has the right to suspend trade concessions in order to compensate for the damage to Russian exporters. Moreover, such measures are not sanctions and comply with the WTO rules.
Vadim Drobiz, head of the Center for the Study of Federal and Regional Alcohol Markets (TsIFRRA), said that Russia depends heavily on imports in some of the discussed positions. Thus, about half of the still wines consumed this year are produced abroad, and the largest deliveries come from the EU countries. According to the expert, a significant increase in rates is unlikely, since Russia is still dependent on European supplies.
Beer imports in 2020 grew by almost 20%, and about 40% of the total supply comes from Germany. As for decorative cosmetics, imports account for more than 70%, while about half of the total volume comes from Europe.