Russia introduces additional taxes on US goods: Report

IANS  |  Moscow 

is taxing $87.6 million worth of certain US imports for the coming year in response to Washington's and import tariffs, said on Friday.

"Compensation measures are applied in the form of additional raised import rates, in the amount of 25 per cent or 40 per cent of the value of the imported goods," Russian Economic Development said in a statement, reported news agency.

"They will apply to certain US goods, if comparable goods are manufactured in Russia," he said.

The said the extra duties will involve oil and gas industry equipment, construction equipment, metalworking and optic fibre.

In May, notified the about possibly imposing duties amounting to $537.6 million a year on US goods.

--IANS

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First Published: Fri, July 06 2018. 20:44 IST