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Law signed to simplify regulation of imports to Russian Federation

March 26, 2022

Vladimir Putin signed the Federal Law On Amendments to Certain Legislative Acts of the Russian Federation and on Suspending Certain Provisions of Legislative Acts of the Russian Federation.

The Federal Law gives the Government of the Russian Federation the right to determine the specifics of enforcing customs duties and taxes in cases when a deferral of or instalment plan for import customs duties is granted, as well as the specifics of terminating such a provision.

The Government of the Russian Federation is also authorised to determine the list of goods imported as part of investment projects, which can be declared for release prior to submitting the declaration on goods.

The Federal Law expands the area of application of the experiment currently underway in Kaliningrad Region on marking alcoholic beverages imported to the Russian Federation. In particular, the Government of the Russian Federation has the right to determine the territories for the experiment.

The Federal Law extends the timeframe for the experiment to May 31, 2024.

March 26, 2022