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Russian Prime Minister Vladimir Putin recently stated that the government of the Russian Federation plans to increase import tariffs on finished equipment and at the same time reduce the import tariffs on its parts and components, which will put foreign companies that start production on the Russian market in an advantageous position.
Russian Prime Minister Vladimir Putin visited Japan’s technology manufacturing plant during his work visit in Yaroslavl and stated that the Russian government is constantly considering the issue of increasing import tariffs on finished equipment and lowering the import duties on its parts and components. At present, the import tariff on crawler-type cars is 5%, while the import duty on spare parts is more than 5%. The Russian side considers how it can gradually change this kind of comparative relationship without causing losses to assembly production. In this regard, those businesses that now settle in the Russian market and begin their own production will undoubtedly be in a good position.
Russian Prime Minister Vladimir Putin visited Japan’s technology manufacturing plant during his work visit in Yaroslavl and stated that the Russian government is constantly considering the issue of increasing import tariffs on finished equipment and lowering the import duties on its parts and components. At present, the import tariff on crawler-type cars is 5%, while the import duty on spare parts is more than 5%. The Russian side considers how it can gradually change this kind of comparative relationship without causing losses to assembly production. In this regard, those businesses that now settle in the Russian market and begin their own production will undoubtedly be in a good position.
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