The Treasurer’s Guide to Trade Finance

(Martin Jones) #1

Russian Federation


Principal exports


Petroleum and petroleum products, natural gas,
wood and wood products, metals, chemicals,
and military manufactures.


Documentation


Imports


ƒ Commercial invoice, customs declaration,
bill of lading, packing list and a certificate of
origin.


Exports


ƒ Commercial invoice, customs declaration,
bill of lading, packing list and a certificate of
origin.


Licences


Imports


ƒ Military equipment, dual-use items, ozone-
depleting substances, industrial waste,
medicines and various alcoholic products.


Exports


ƒ Military equipment, dual-use items, precious
stones and metals, ethyl alcohol, various
alcoholic products, and rare species of fauna
and flora.


ƒ Goods/services that are subject to
international controls.


Tariffs/Taxes
Imports
ƒ Tariffs usually range between 5 percent and
15 percent.
ƒ Tariffs ranging between 25 percent and
30 percent usually apply to sensitive items.
ƒ Imports on the approved list from developing
countries are subject to tariffs at 75 percent
of the usual rate.
ƒ Certain items are exempt from duty.
Exports
ƒ Tariffs apply to 141 different items. The
6.5 percent tariff rate is most common.
ƒ A maximum tariff of 50 percent is levied on
non-ferrous scrap metal.
ƒ Specific duties apply to crude oil and
petroleum products.
ƒ Combined duties are also levied on various
items.

Financing requirements for imports/
exports
ƒ None.

Prohibited items
ƒ Imports that are prohibited in accordance
with UN Security Council resolutions, such
as items deemed a threat to fauna and flora
and national security. A state monopoly
exists on the import of ethyl alcohol.
ƒ Exports that are prohibited in accordance
with UN Security Council resolutions.

Russia imports exports


Trade information


Key trading partners


Imports by origin


EU 43.4%
China 16.9%
Ukraine 7.0%
Japan 5.3%
USA 4.5%
Other 22.9%

Source: WTO, September 2012


Exports by destination

EU 48.4%
China 7.3%
Ukraine 3.8%
USA 3.4%
Turkey 3.2%
Other 33.9%
Free download pdf