Russia has responded to US import duties

Russia has introduced additional duties on the importation of goods from the United States, said Minister of Economic Development Maxim Oreshkin. Restrictions are imposed in response to the introduction of US duties on the import of steel and aluminum products in Russia. The corresponding decree was signed by Prime Minister Dmitry Medvedev.

"Countervailing measures are applied in the form of additional duties, increased by 25-40% of the value of imported goods", – Oreshkin citations -Service Ministry of Economic Development. Additional duties will be levied on certain US products, the badogues of which are manufactured in Russia.

"In particular, certain types of road construction equipment oil and gas equipment, tools for metalworking and drilling The report notes that Russia may introduce" the rest of the compensatory measures "In March 2021 – either, three years after the start of additional charges in the United States, or Following the decision of the WTO Dispute Settlement Authority on the non-compliance of US measures with the rules of organization.