Federal Customs Service Proposes Increased Duties on Imported Air Conditioners

Federal Customs Service Proposes Increased Duties on Imported Air Conditioners

The Russian Federal Customs Service has proposed raising import duties by up to 10% on residential and industrial electronic equipment, including air conditioners, equipment for filtering and cleaning gases, and AC and DC electric motors. Customs officials believe that higher duties would have a positive effect on the production of similar equipment in Russia. In addition, if the volume of imports remains unchanged, this measure would bring the federal budget an additional US$ 1,050 billion.

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