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Siberian Rail Tariffs Reduced

The Federal Tariffs Service reduced charges on transporting grain and flour exports from the Siberian Federal District and the Kurgan region, the service said.

The tariffs will be cut by half for distances that exceed 1,100 kilometers, the service said Thursday, without providing cash amounts. The reduction will run through June 30 next year for shipments to ports and railway stations on the borders with North Korea, China and Mongolia, the service said. The new rate will apply through Dec. 31 for shipments to the border with Ukraine, it said.

The same reduction will apply to shipments of soybeans and soybean oil meal from the Far East Federal District to all destinations through June 30, the service added.

(Bloomberg)

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