The State Duma of the Russian Federation simplifies registration of supplies of Russian oil products to South Ossetia

Thu, 17/10/2019 - 15:05

The Russian State Duma adopted a law ratifying the protocol to the intergovernmental agreement with South Ossetia on the regime of trade in goods, aimed at simplifying the export of Russian petroleum products to this country.

Under this agreement, when exporting Russian oil products from Russia to South Ossetia (low-octane gasoline, diesel fuel, bitumen), export customs duties are not applied. Moreover, the volumes of such duty-free deliveries are determined annually.

The protocol to the agreement provides for that the export of such goods to South Ossetia is carried out without applying a temporary periodic customs declaration. The implementation of the protocol will contribute to the development of the Russian-South Ossetian trade and economic cooperation.

The State Duma Committee on Economic Policy draws attention to the fact that, according to customs statistics, 23.2 thousand tons of oil and oil products worth $ 20.5 million were exported from Russia to South Ossetia in 2017-2018. In 2019, duty-free deliveries of Ai-92 gasoline from Russia to South Ossetia were agreed in the amount of 8 thousand tons, diesel fuel - 1.1 thousand tons, which is considered sufficient to meet the republic's annual demand for these petroleum products, the committee concluded.

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