The Russian Ministry of Industry and Trade confirmed that fertilizer export duties will continue to be applied with flexibility. This stance was communicated by Denis Manturov during events associated with the Russia exhibition and forum held in Moscow, with coverage from a major news service.
Early in the week, the ministry’s leadership participated in activities at the VDNH site. Manturov emphasized that the current flexible tax mechanism for mineral fertilizers used domestically remains appropriately calibrated and does not require adjustment at this time.
Responding to inquiries about a potential revision of how tax obligations are calculated, Manturov stated that the present arrangement is fair and balanced for all parties involved.
Since October 1, 2023, Russia has implemented a flexible export tax regime covering a broad spectrum of products. Notably, the cash levy on fertilizer exports has been set at 10 percent when the ruble exchange rate exceeds 80 to one US dollar. Conversely, when the rate is more favorable, averaging below 80 rubles per dollar, the rate drops to 7 percent.
There is, however, a minimum duty applicable to each fertilizer type. For nitrogenous fertilizers destined for export, exporters must pay no less than 1.1 thousand rubles per ton. Phosphate fertilizers carry a minimum of 2.1 thousand rubles per ton, while potash fertilizers are subject to a minimum rate of 1.8 thousand rubles per ton.
Beyond these specifics, discussions have continued about linking export taxes to global price movements, a topic that has resurfaced within government deliberations. The goal of such a linkage would be to align domestic fiscal measures with international market realities, potentially smoothing volatility for producers and traders while preserving national revenue and macroeconomic stability.