Resolution No. 2084 of 17 November 2022
Participants in foreign economic activities, which are importing individual types of critical items into Russia, are relieved of the responsibility of securing the payment of customs taxes and duties. Prime Minister Mikhail Mishustin signed a resolution to this effect.
Tariff preferences and zero rates for customs duties apply to individual categories of critical imports. The Eurasian Economic Commission Council introduced them in the spring of 2022 and extended them in September through March 31, 2023. The preferences apply to goods needed in food processing, electronics, metallurgical and light industry.
According to the Russian legislation, importers can use the said tariff preferences if they present security for the payment of customs duties and taxes. The need to comply with this demand compels the participants in foreign economic activities to divert substantial funds. This levels the economic effect of the benefits. In this context, the Government decided to relieve the importers of important products from the obligation to present a security.
This resolution applies to goods imported since 28 March 2022. It will reduce the financial burden on importers and provide further support for the significant economic sectors that face the risk of a shortage of equipment due to the external restrictions.