Carbon tax will cost importers of Russian products €2 billion
2021-09-14 01:58

Carbon tax will cost importers of Russian products €2 billion

The introduction of cross-border carbon regulation will result in costs to importers of Russian products to the European Union of no more than 1-2 billion euros per year. Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs (RSPP), said this in an interview with TASS.

"According to the published draft regulation it turns out that the annual costs of importers of Russian products in the EU will not exceed 1-2 billion euros a year, depending on the coverage and specific mechanisms, which we will not know until next year," Shokhin said.

According to the expert, the regulation is likely to be relaxed by the time of adoption.

He explained that there are active discussions on this subject in the European Union.

"The polarization of opinions across countries and sectors of the economy is visible, and the degree of discussion at the international level is high. Most likely, by the time of adoption of regulation, it will be further softened, so as not to provoke a global trade war, "- said Shokhin.

Recall that from 2023, the European Union introduces a carbon tax on imported products with large emissions of greenhouse gases. According to experts, it may affect about 40% of Russian exports.

Made in Russia / Made in Russia

Author: Maria Buzanakova