The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree.
The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 million rubles ($2.22 million) over that five-month period.The duty's base rate will be 15%, with the following specific rates for each...