Export duties for grain will drop in Russia

Export duties for grain will drop in Russia

Russian Vice Prime Minister Arkady Dvorkovich said that export duties for grain will have been lowered by mid-May, TASS reports.

Russia needs a mechanism correcting duties depending on changes in the conditions, such as the currency rate, so that adjustments would be made faster than in a month, according to the vice prime minister.

Dvorkovich ordered executives to prepare all the documents needed for the lowering of the duties for grain by May 6, so that the government would give the green light to the initiative in the first half of May.

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