AreaRussian Federation

Commodity GroupGrains

CommodityAll

Date01/05/2017

Policy CategoryConsumption and marketing

Policy InstrumentGovernment market intervention

DescriptionAnnounced top 23 traders of Russian grain signed the "Charter on Grain Turnover", which was developed to discipline the procedures for VAT reimbursement on exported agricultural products. According to the Russian legislation, companies that export products are eligible for VAT refunds on any purchases they make for exports.