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Russia raised the import duties on strong alcohol from unfriendly countries to 35% of the duty value, but not less than 5 euros per liter. Previously, the rate was 20% with a minimum payment of 3 euros per liter. Thus the interest component increased by 15 percentage points, and the mandatory minimum increased by 2 euros. The new design increases the import cost under each of the two calculation schemes. For expensive products, a higher interest rate is important; For relatively cheap products, the lower limit of payment for each liter is important. The importer takes into account both restrictions when calculating the shipping price. The change particularly affects strong drinks from unfriendly countries, and not all alcohol imports. A higher customs burden tightens the price conditions for relevant foreign supplies. The additional impact on retail prices will depend on how much of the additional costs sellers pass on to buyers and how much they take on.

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Экономистика · · Source

🇷🇺 Russia · Map

Russia raised the import duties on strong alcohol from unfriendly countries to 35% of the duty value, but not less than 5 euros per liter. Previously, the rate was 20% with a minimum payment of 3 euros per liter. Thus the interest component increased by 15 percentage points, and the mandatory minimum increased by 2 euros. The new design increases the import cost under each of the two calculation schemes. For expensive products, a higher interest rate is important; For relatively cheap products, the lower limit of payment for each liter is important. The importer takes into account both restrictions when calculating the shipping price. The change particularly affects strong drinks from unfriendly countries, and not all alcohol imports. A higher customs burden tightens the price conditions for relevant foreign supplies. The additional impact on retail prices will depend on how much of the additional costs sellers pass on to buyers and how much they take on.

Russia raised the import duties on strong alcohol from unfriendly countries to 35% of the duty value, but not less than 5 euros per liter. Previously, the rate was 20% with a minimum payment of 3 euros per liter. Thus the interest component increased by 15 percentage points, and the mandatory minimum increased by 2 euros. The new design increases the import cost under each of the two calculation schemes. For expensive products, a higher interest rate is important; For relatively cheap products, the lower limit of payment for each liter is important. The importer takes into account both restrictions when calculating the shipping price. The change particularly affects strong drinks from unfriendly countries, and not all alcohol imports. A higher customs burden tightens the price conditions for relevant foreign supplies. The additional impact on retail prices will depend on how much of the additional costs sellers pass on to buyers and how much they take on.

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