world news - 23.11.2006

Russia: Putin proposes raising timber export tariffs

Russian President Vladimir Putin deemed it necessary to increase the timber export tariffs on rough logs and to lower those on the import of woodworking equipment to Russia. He was displeased with the state of affairs in the timber industry. He recalled that he had set before the cabinet 5-6 years ago the task of rectifying the situation, but “very little” was done since then to achieve this end. In May 2006, the Russian government raised the export tax on logs from ˆ2.5 to ˆ4 per m3.

Recently, it was announced that export tax on logs would be marked up to ˆ8 per m3 in 2007. With regards to forest privatization, he dismissed the idea as a premature step that would not be considered during his mandate.



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