Russia · Country watch
Russia Proposes VAT on Foreign Online Purchases
Russia's Finance Ministry proposes a 22% VAT on foreign online purchases, impacting e-commerce and logistics sectors.
In this briefing Ministry of Finance (Russia) · Krasnodar Krai · Moscow Exchange
Regulation
Russia Proposes 22% VAT on Foreign Online Purchases
Russia's Finance Ministry has proposed a 22% VAT on foreign goods purchased online, according to RIA. The proposal also includes a customs fee of 100 rubles for parcels valued up to 200 euros. This initiative is part of the budget process aimed at leveling the playing field for domestic and foreign goods and increasing revenue. The Finance Ministry's press service highlighted the need to create a competitive environment and formalize the economy.
Impact E-commerce platforms and logistics providers handling foreign goods will face increased costs and regulatory compliance burdens.
Sources: RIA ↗, Izvestia ↗
Disruption
Emergency Declared in Kuban Due to Grain Export Issues
The Governor of Krasnodar Krai has declared a state of emergency due to disruptions in grain exports following Ukrainian drone attacks on maritime vessels and port infrastructure, reports Rossiyskaya Gazeta. The attacks have hindered the transportation of agricultural products out of the region, affecting logistics and export operations. The emergency declaration aims to address these logistical challenges and mitigate the impact on the local economy.
Impact Grain exporters in Kuban face logistical challenges, potentially delaying shipments and affecting revenue.
Sources: RG.ru Rossiyskaya Gazeta ↗
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
Russian Stock Market Consolidates Amid Mixed Factors
The Russian stock market consolidated above 2310 points on the Moscow Exchange index, reports Interfax. Market dynamics were mixed due to rising oil prices, with Brent crude futures climbing to $108 per barrel, and geopolitical risks. The ruble weakened, and new tax initiatives from the Finance Ministry also influenced market sentiment. Rosstat data showing a slowdown in annual inflation added to the mixed market environment.
Impact Investors in Russian equities face a complex trading environment influenced by oil prices, currency movements, and regulatory changes.
Sources: interfax ↗
Trade
Nothing significant reported today.
Politics
Nothing significant reported today.
Also today in Russia
- В Польше сожгли оборудование Starlink, снабжающее Украину связью — Ukraina.ru
- Russian stock market mixed on Thursday — market data — Tass
- Индексы МосБиржи и РТС подросли на 0,6% в начале основных торгов — interfax
- Russian stocks up as main trading session opens — Tass
- Фондовые индексы Европы снизились из-за роста цен на нефть и доходности госбумаг — interfax
- Рубль утром укрепляется к юаню на фоне стабильной нефти — interfax
- Рубль в четверг заметно подрос в паре с юанем на Московской бирже — interfax
- Global gas prices continue to rise in 2026, but set to fall 40% by 2029 — ministry — Tass
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: US-Argentina Investment Deal; Economic Activity Falls
- Brazil: Brazil-EU Payment Link, Health Fraud Probe
- Canada: Quebec Election Tensions, High Beef Prices Impact
- China: Xi-Trump Summit Sparks Trade Truce, Zhejiang Eases Entry
- Colombia: Caribbean Lockdown Ends, Dollar Rises, Santa Marta Tension
- Germany: German Growth Doubles, Bundeswehr Drone Exercise
- Egypt: Central Bank Holds Rates, Omnia Sweidan's Sentence Upheld
- Spain: Ibex 35 Falls, Ceuta Tensions Escalate
- France: SFR Strike, Diesel Prices Hit Record, Forest Fire Risk
- United Kingdom: UK-EU Trade Losses, Tories' Benefits Proposal
- Indonesia: Jakarta Protests, IHSG Falls, E-Cigarette Tech Shift
- Israel: Netherlands Bans Settlement Goods, Island Raises $400M
- India: Sensex Plunge, Severe Weather Alert, Paneer Label Ban
- Iraq: Iraq PM Courts US Firms, Small Business Loans Boosted
- Iran: Iran-Bangladesh Economic Ties, Currency Rate Hike
- Italy: Diesel Prices Surge, Etna Eruption Disrupts Flights
- Japan: Tokyo Condo Prices Fall, Typhoon 25 Death Toll Rises
- Kenya: NEMA Import Directive, El Niño Flood Preparations
- South Korea: Chuseok Travel Disruption, US-China Trade Deal
- Lebanon: Lebanese Economic Cell Convenes Amid Rising Tensions
- Morocco: PAM Leads Elections, Road Open, Sanlam Profits Rise
- Mexico: Banxico Holds Rate, Hurricane Polo Hits Colima
- Malaysia: LRT Disruption and Severe Air Quality in Serian
- Nigeria: Nigeria-US Minerals Deal, Court Seizes Assets
- Netherlands: Diesel Export Ban, ASML Restrictions, Kesteren Unrest
- Poland: Starlink Fire, Russian Threats, Energa Buyout
- Portugal: Portuguese Debt Yields Fall, Truckers Protest Fuel Prices
- Senegal: Senegal Water and Power Disruptions, Weather Alerts
- Syria: Diesel Price Overhaul, US-Syria Investment Talks
- Turkey: Turkey's Investment Funds Meeting, BIST 100 Dips
- Ukraine: EU Funds Ukraine, Starlink Sabotage Suspected
- United States: U.S.-China Trade Truce Extended, Mortgage Rates Rise
- Vietnam: ADB Lifts Vietnam's Growth Forecast, Fuel Prices Rise
- South Africa: Eskom Chair Steps Down, Ermelo Water Crisis Looms