6/12/2007

[Al] Russia may reduce import tariffs on aluminum

Russian Acting Chief Minister Sergei Ivanov attended the St. Petersburg Economic Forum, said, Since the joint Russian Aluminum company has been formally established, the Russian aluminum may reduce import tariffs.
He said, "in the aluminum industry after the formation of giant Ma, Russia may have plans to lower import tariffs on aluminum.
world's largest aluminum company-Russian Aluminum Company was established in the end of March. by its Russian Aluminum Company, Siberian Urals Aluminum Company Ruishijia and international companies will be merged into alumina assets.
of the merger process, Al reduce its import tariffs to reach a consensus. Russian federal antitrust service centers in the approval of the merger, said : Russia should reduce the current 10% of the import tariffs in order to enhance the competitiveness of the Russian aluminum consumption to provide additional benefits guarantee.

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