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The Government of the Russian Federation extended the preferential import of equipment for the extraction of coal and ore

Russia

Enterprises engaged in the extraction of metal ores, coal and a number of other solid minerals will be able to import equipment and raw materials into the Russian Federation duty-free.

The Government of the Russian Federation extended the preferential import of equipment for the extraction of coal and ore

According to the press service of the government, Russian Prime Minister Mikhail Mishustin signed a decree on expanding the list of priority activities for which there is a preferential import of technological equipment, components, raw materials and materials.

The updated list includes extraction of coal, peat, metal ores, decorative and building stone, limestone, gypsum, chalk and shale, development of gravel and sand pits, provision of electricity, gas and steam, as well as air conditioning, the Cabinet said.

“This measure will additionally support enterprises in important sectors of the economy,” the government believes.

As reported, the procedure for applying customs benefits for the import of technological equipment, raw materials and materials for priority investment projects was approved by the government in May of this of the year. The list of priority activities then included crop production, production of medicines, food and beverages, paper and paper products, electrical equipment, computers, vehicles, activities in the field of information technology, telecommunications, long-distance and international passenger transportation, construction of buildings and structures, oil production and gas, exploratory drilling.

The list of investment projects for which there is a preferential import of materials and equipment, the government approves. The volume of capital investments for each investment project applying for inclusion in the list must be at least 250 million rubles. Equipment introduced without payment of duty can be used exclusively on the territory of Russia and only for the implementation of a specific investment project.

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