Benefits provided to residents of preferential territories exceeded RUB 18.5 billion
In January-September 2022, privileges provided to support the economy in the Far East exceeded RUB 15 billion, Yury Ladygin, head of the Far East Customs Department (FECD) told journalists.
According to him, temporary zero-level import customs duties were applied to over 1.3 thousand batches. The amount of lost revenues due to privileges offered for 92 products including food, medicine, raw materials, components etc. exceeded RUB 15 billion, plus RUB 306 million from other privileges and RUB 76 million from zero VAT rates. Customs also applies loan repayment and deferred payment mechanisms for about RUB 1 billion.
Yury Ladygin says residents of the Free Port of Vladivostok have thus saved RUB 228 million, resident of priority development territories (PDA) – RUB 18.5 billion.
Far East foreign trade turnover in 9M’22 remained flat YoY at 135.5 million tonnes
Loading of ports in Russia’s Far East region varies between 95% and 115% — Far East Customs
Over 9M’22, Russian sea lines’ share in the Far East grew to 43%, Chinese ‒ to 28%
