The Russian government has announced that it will raise export duties on Timber exports according to Reuters.
The move by the Russian government has hit a nerve with the European Union and could potentially risk Russia’s entry into the World Trade Organization (WTO).
The plan, driven by Vladimir Putin, sets Russia trade duties on timber to 25 percent up from 20 percent and begins on April 1. Furthermore, the government of Russia plans to eventually rise to the Timber duty to 80 percent in 2009.
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