• 2022 April 11

    Ship maintenance welcomed in Russia

    As IAA PortNews is informed, RF Ministry of Finance will estimate the proposals of ad hoc ministries on zero-rated VAT for ship repair in Russia by the end of April. The initiative may both reduce the cost of repair in Russia and return Russian ships to domestic repair facilities while helping ship owners avoid problems caused by sanctions. However, experts note lack of ship repair facilities in Russia and emphasize the need of additional customs regulation.