Customs subcommittee approves ban on Russian sugar exports through Aug 31, 2024 - sources

MOSCOW. April 5 (Interfax) - The subcommittee on customs-tariff and non-tariff regulation and protective measures in foreign trade on Friday approved a ban on sugar exports from Russia through August 31, 2024, market sources familiar with the subcommittee decision told Interfax.

As reported, in mid-March the Agriculture Ministry prepared a draft government resolution to ban sugar exports from Russia until August 31, 2024.

"To establish from the date of entry into force of this resolution through and including August 31, 2024 a temporary ban on the export of cane or beet sugar and chemically pure sucrose in solid state (code 1701 of the FEACN of the EAEU) from Russia," reads the draft resolution, posted on the regulation.gov.ru website.

The document provided for a number of exceptions. In particular, the Agriculture Ministry proposed not extending the ban to sugar exported to EAEU countries within the volumes stipulated by indicative balances. However, export permits issued by the Agriculture Ministry in accordance with the procedure approved by the Ministry itself would be required.