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Russia Keeps Duties on Raw Timber Shipments Unchanged for 2011
12 | 01 | 2011
Russia kept export duties on raw timber unchanged for 2011, the government said in a resolution published on its website.

Russia kept export duties on raw timber unchanged for 2011, the government said in a resolution published on its website.

The duty on most timber was kept at 25 percent of the customs value, and not less than 15 euros ($19.41) a cubic meter, it said. That excludes shipments of poplar, gum-tree and aspen, where the export duty is 10 percent of the customs value and not less than 5 euros a cubic meter.

There is no duty on exports of timber with a diameter of less than 15 centimeters, according to the resolution, which Prime Minister Vladimir Putin signed on Dec. 29.



Source: Bloomberg.net
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