Russia’s additional tariffs linked to the rouble-US dollar exchange rate on exports of most fertilizer products will run from Oct. 1 to the end of 2024, according to Russian media reports, citing a Russian government statement. The tariffs also apply to exports of metals, iron ore, and pig iron, among certain other commodities (GM Sep. 22, p. 27; Sept. 1, p. 26).
The new basic ad valorem rate of 7% of the customs value was implemented on most fertilizer exports on Sept. 1 (GM Sept. 8, p. 25).