Russian Government plan to increase non-fuel exports

RUSSIA / FSU POLITICS - In Brief 13 Apr 2019 by Alex Teddy

Finance Minister Siluanov visited the Samsung Electronics Plant in Kaluga Region on April 12. His mission was to assess how the national project for the development of exports is progressing. This plan excludes hydrocarbons since Russia has no difficulty selling those. He was there with bureaucrats from the Russian Export Center. Siluanov spoke to L'Oreal, Nestle, Cargill, Henkel, Volkswagen, Continental and other companies. Siluanov assured his hearers that he would relax rules on currency repatriation. Fines are 100% and they will be cut to around 4% and phased out by 2024. Believe it whe...

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