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Russia Imposes Wheat Export Tax

Measures are to combat rising domestic food prices

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On Tuesday, Russian Prime Minister Mikhail Mishustin signed a list of orders aimed at stabilizing food prices, including a grain export quota and a wheat export tax, the government said.

According to a report at Reuters, the new measures were announced by officials on Monday. They aim to combat rising domestic food prices after President Vladimir Putin criticized the impact of excessive inflation.

Russia has decided to introduce a quota for overseas shipments of wheat, rye, barley and corn limiting exports to 17.5 million tonnes for the period Feb. 15-June 30, the government said in the statement.

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