Russia lifts ban on rapeseed exports, imposes 30% duty, though not less than 165 euros per tonne

MOSCOW. Aug 30 (Interfax) - Russia has lifted the ban on rapeseed exports and imposed a duty of 30%, though not less than 165 euros per tonne, the government posted on social media.

"Export duties on rapeseed are established from September 1, 2024, to August 31, 2026, to replace the current temporary ban on exports. The rate will be 30%, but not less than 165 euros per tonne," the government said.

Temporary restrictions continue to apply to exporting products from Russia outside the Eurasian Economic Union.