Russia Increases Import Tariffs on Goods from Sanction-Supporting Countries

Russia has raised import tariffs on consumer goods, including wine, beer, candies, biscuits, and shampoo, produced in countries that support sanctions against Moscow, according to a government order published late on Friday, reported Reuters

Russian imports from nations that imposed sanctions over its military conflict with Ukraine slumped in 2022, and the price of imported alcohol has risen significantly.

While some Western producers stopped selling to Russia, Moscow has found roundabout ways to keep goods coming, including a grey imports scheme, and plenty of foreign goods remain on store shelves.

According to the order, tariffs for perfume, cosmetics, and shampoo from Poland, for example, will amount to 35% of the customs value. Duties for wallpapers from Lithuania, Latvia, and Estonia will rise to 50%. Import duties for wine will be hiked to 20%.

The new tariffs will be in place until and including Dec. 31, 2024, and take effect seven days after publication.

NEWS