Russia may withdraw sugar import tax

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Moscow: Russia may remove importation tax on 350,000 tonnes of white sugar to be imported from May 15 and August 13, said the government in a statement on Monday.

Russia in December last year had imposed several grain export taxes to stabilize domestic prices.

According to the news agency Reuters, as part of these measures, Russian sugar and sunflower oil producers agreed price reductions for their products with retail chains until the end of March.

The government has stated that it would discuss an extension of these agreements with producers. These would extend till June for sugar.

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