Update on Cross-Border Import Rules in Russia

Further to the proposed changes in import rules for overseas purchases, a Russian government commission has approved a draft law which would enable the government to set new limits of the value of goods for customs-free import.

The current limit is EUR1000 per month, which is unusually high in comparison to most other countries. Going forward, it’s set to become much lower. Most likely, the limits will be set at EUR150 in value and 10 kg in weight.

Customs duties are not supposed to change. They will remain at 30% of invoice value.

However, at the time of writing, these rules have not been finalized.

The idea is to impose the new rules in all countries of the Eurasian Customs Union. However, not all countries are happy with the limit of EUR150. An example is Kazakhstan, where KZ Post has finally become profitable thanks to international online trade.

 

About Leighton Peter Prabhu

I am a partner in Interstice Consulting LLP and head of the Russian office. My practice focuses on e-commerce business and marketing consulting, especially for foreign e-commerce brands entering the Russian market. I also serve as a consultant to some of the largest international portfolio investors in Russian equities (both public and private). You can find out more about my background and business interests on LinkedIn. You can also connect with me on Twitter and on Google+.

Follow

Get every new post on this blog delivered to your Inbox.

Join other followers: