The Russian government has increased the quota for the export of ferrous scrap and waste outside the Eurasian Economic Union. The corresponding decree was signed by Prime Minister Mikhail Mishustin.
The quota will increase by 300 thousand tons to 1.8 million tons from 1.5 million tons. The Ministry of Industry and Trade will distribute the additional quota among participants in foreign trade activities. The decision will be valid until December 31, 2025.
When exporting scrap and ferrous metal waste within the quota, the duty is 5%, but not less than 15 euros per ton, above that – 5%, but not less than 290 euros per ton.
