Politics · Russia · 10 hrs ago
Russia awaits industry ministry view on proposed steel import excise
Russia’s Finance Ministry is awaiting a ministry position on a proposed excise duty on imported steel.
The decision also involves the Industry and Trade Ministry, whose view will guide whether changes to the Tax Code are needed.
The proposal covers imported metallurgical products made from liquid steel.
Its planned calculation would link the duty to the finished product and its characteristics.
The draft law has been discussed with business representatives, but the tax changes are not yet settled.
Finance officials say they will decide whether to make amendments by the bill’s second reading.
The duty is not expected to take effect in the fourth quarter of 2026.
Russia’s Finance Ministry is waiting for the Industry and Trade Ministry’s position on a proposed excise duty on imported steel.
Deputy Finance Minister Alexey Sazanov said the government would decide by the bill’s second reading whether tax code amendments were needed.
The draft law was developed and discussed with business representatives in early August.
The proposed excise calculation would be tied to finished metallurgical products made using liquid steel.
- Who
- The Russian Finance Ministry and Industry and Trade Ministry; Deputy Finance Minister Alexey Sazanov described the process.
- What
- The Finance Ministry is awaiting the industry ministry’s position on a proposed excise duty on imported steel.
- When
- October 19, 2026. The draft was discussed with business representatives in early August.
- Where
- Dushanbe, where Sazanov spoke to reporters.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Sazanov said a draft law on an excise duty on imported steel had been developed and was under discussion with business representatives.
Sazanov said the Finance Ministry was awaiting the Industry and Trade Ministry’s position.
- Proposed measure
- Excise duty on imported steel
- Finance Ministry official
- Alexey Sazanov
- Decision point
- By the bill’s second reading
- Draft discussions
- Early August 2026
- Calculation basis
- Finished metallurgical products made using liquid steel
What people are saying
We are waiting for the Industry and Trade Ministry’s position on this matter. Based on that, we will decide by the second reading whether corresponding amendments to the Tax Code are necessary.