Russia Plans Wheat-Export Tax as Putin Seeks to Cool Prices
- Government proposes tax of 25 euros a ton on wheat exports
- Analysts say Russia will still be able to export ample amounts
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Russia detailed plans to tax wheat exports next year in response to President Vladimir Putin’s call to cool food-price inflation, a move that is expected to have a fairly limited impact on the nation’s shipments.
The government proposed a levy of 25 euros ($30.40) a ton on wheat from mid-February though the end of June, while also pressing ahead with a previously announced grain-export quota for the same period, Economy Minister Maxim Reshetnikov said Monday.