Support The Moscow Times!

Grain Duty to Be Lifted

Russia's 5 percent grain import duty will be abolished this quarter, Deputy Prime Minister Arkady Dvorkovich said, Interfax reported Monday.

At a meeting held by Dvorkovich on Feb. 1, Economic Development Ministry officials suggested that the import duty on wheat, rye, barley and corn be eliminated until Aug. 1. After the meeting, Dvorkovich ordered that decrees to that effect be prepared in the near future.

The Agriculture and Economic Development ministries say the abolition of the duty would not have a significant impact on the market. But the decision "will put the brakes on price growth," Deputy Economic Development Minister Andrei Klepach said.


… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.


Read more