The Ministry of Economic Development of the Russian Federation submits for consideration of the Eurasian Economic Commission a preposition to unify export duties on “certain sensitive goods”.
The document offers to consider the implementation of the export duty on sunflower seed at 50% but not less than 320 USD/t until August 2021.
It offers to impose a mechanism for calculation of export duty on sunflower oil on monthly basis. The calculation should take into account the prices on the global market. The duty is offered to be set at 70% of the difference between the average global price and the basic price at 1000 USD/t.
They propose to determine the export duty on wheat, barley and corn on a regular basis taking into account the prices on the world market or via the same principle - 70% of the difference between the average global price and the basic price at 200 USD/t for wheat and 185 USD/t for corn and barley.
The similar principle was implemented in Russia. Thus, if other members of the EAEU do not accept the same measures, there is a risk of duty-free re-export of these products of Russian origin through the territories of other countries of the EAEU.
Therefore, the Ministry of Economic Development of Russia offers to the governments of Belarus, Kazakhstan, Armenia and Kyrgyzstan to impose the export duties on above-mentioned products “at the levels and for the periods implemented in Russia”.