01.08.2019, 09:43
Special Duties Imposed by Ukraine on Imports of Diesel and Liquefied Gas from Russian Federation Took Effect
Source: OREANDA-NEWS
OREANDA-NEWS. The special duties imposed by the Ukrainian government on July 17 for importing diesel fuel and liquefied gas from Russia entered into force on August 1. Earlier, the representative of the President of Ukraine in the Cabinet of Ministers Andriy Gerus said that the special duty on diesel fuel supplied by pipeline will be 3.75% from August 1, 2019 and 4% from October 1, 2019. The special duty for the supply of liquefied gas will be 1.75% from August 1 and 3% from October 1.
"The duty will remove the supermarket margin of the importing trader, which arose due to logistics (diesel pipelines) and other factors. If the typical market margin in large wholesale is $ 10-12 per ton, then on pipeline deliveries this margin would be $ 35-40 per ton",- said Gerus. The representative of Zelensky concluded that the Ukrainian budget will receive an additional about 2 billion hryvnias (about $ 77 million) per year in connection with the introduction of these special duties.
Earlier, both states signed a number of agreements governing joint trading activities. during which territories for free trade were determined. Later, the Russian side included Ukrainian goods in the list of sanctions, the embargo introduced earlier on goods from Europe began to apply to them. After this, relations between countries deteriorated even more.
Ukraine has introduced retaliatory measures for goods from Russia since 2016. These restrictions touched a number of food products, among them there are different cereals, fish, meat, and other products. In addition, an embargo on special animal feeds was introduced. Then Ukraine signed a law banning the import of some more goods into the country. Relations between states are in very poor condition.
"The duty will remove the supermarket margin of the importing trader, which arose due to logistics (diesel pipelines) and other factors. If the typical market margin in large wholesale is $ 10-12 per ton, then on pipeline deliveries this margin would be $ 35-40 per ton",- said Gerus. The representative of Zelensky concluded that the Ukrainian budget will receive an additional about 2 billion hryvnias (about $ 77 million) per year in connection with the introduction of these special duties.
Earlier, both states signed a number of agreements governing joint trading activities. during which territories for free trade were determined. Later, the Russian side included Ukrainian goods in the list of sanctions, the embargo introduced earlier on goods from Europe began to apply to them. After this, relations between countries deteriorated even more.
Ukraine has introduced retaliatory measures for goods from Russia since 2016. These restrictions touched a number of food products, among them there are different cereals, fish, meat, and other products. In addition, an embargo on special animal feeds was introduced. Then Ukraine signed a law banning the import of some more goods into the country. Relations between states are in very poor condition.
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