Timber industry research & analytics Russia: the strongest decline in exports of logs since 2008 continues
In 2017, the Russian Government introduced quotas and imposed duties on exports of roundwood of Far Eastern species (Government Decrees No. 1521 and No. 1520 dated December 12, 2017).
Tariff quotas were introduced for Yezo spruce, Khingan fir, and Daurian larch, mainly growing in the Far East in the total volume of 4 million m3 per year. Under the quotas for these species of roundwood, a reduced rate of export customs duty was set at 6.5%, but not less than 4 euro per 1 m3 (the rate was increased from 6.5% to 13% by Government Decree No. 1169 dated September 7, 2019).
From January 1, 2019, to December 31, 2019, the rate was 40%, but not less than 27.6 euro per 1 m3, from January 1, 2020, to December 31, 2020, it ill be 60%, but not less than 36,8 euro per 1 m3; starting from January 1, 2021, it will become 80%, but not less than 55.2 euro per 1 m3.
Along with that, the share of exported products manufactured by wood processing companies should be: from January 1, 2018 – at least 20% of the total value of exports as well as of the total processed wood products manufactured; from January 1, 2019 – at least 25%; from January 1, 2020 – at least 30%; from January 1, 2021 – at least 35%. Read more on Russian Timber Journal 01-2020.
To subscribe to the information and analytical journal Russian Timber Journal, follow the link – http://whatwood.ru/english/tovary/russian-timber-journal/ and fill out the proposed form.
