The government has established a duty on the export of tungsten waste and metal

© RIA Novosti / Ekaterina to Chesnokova in fotobounce to the House of the government of the Russian Federation. Archival photoThe government has established a duty on the export of tungsten waste and metal© RIA Novosti / Ekaterina to Tecnocovering the image Bank

The Cabinet of the Russian Federation has established the rate of the export customs duties for waste and scrap of tungsten in the amount of 7.5% of the customs value, the corresponding decree published on the government website on Wednesday.

«The rate of export customs duty for waste and scrap of tungsten is set in the amount of 7.5% of the customs value. This rate will apply temporarily for one year. In respect of waste and scrap of cermets rate of export customs duty in the amount of 7.5% of the customs value on an ongoing basis,» the document says.

It is noted that the rate is set to reduce the deficit of tungsten raw materials of the Russian steel industry for their own consumption.

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