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Russia to re impose duty on some auto steel in January

Lesedauer: min

Reuters quoted Russia government said the country will reintroduce a 5% duty on some automotive steel imports in January.

A statement on the customs department Website said the December 3rd decree will go into effect one month after it is published in the government gazette.

Russia dropped the 5% import duty on certain steel products used in the auto industry earlier this year to help domestic manufacturers during the economic downturn.

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