AreaRussia

Commodity GroupGrains

CommodityWheat

Date01/05/2015

Policy CategoryTrade

Policy InstrumentExport tariff

DescriptionApproved the launch of a new wheat export tax from 1 July at 50 percent of the customs price per tonne minus 5 500 roubles (USD 105), but not less than 50 roubles per tonne.

NotesThe new tax was intended to stop exports surging if the rouble drops steeply.