Russia's Ministry of Agriculture is considering the possibility of increasing import tariffs on flowers from "unfriendly" countries, should the need arise, according to a statement from Minister Oksana Lut during a recent Federation Council session. Currently, about 19% of flower imports to the Russian market come from nations classified as 'unfriendly' by the government.
In July 2023, Russia introduced a 20% tariff on cut flowers and buds from these countries, set to remain in effect until December 31, 2024, with the possibility of further increases.
"If we see the necessity to adjust the tariff upwards, we will do so," Lut explained, adding that the Ministry will continue to monitor the situation.
Source: finance.mail.ru