Russia limits imports of foreign equipment for defense industry

Author: us-russia
Comments: 0
Russia limits imports of foreign equipment for defense industry
Published 29-12-2013, 04:44
MOSCOW, December 26 (RIA Novosti) – The Russian government has put a ban on purchasing foreign-made equipment for its defense industry if there is a locally-made equivalent, according to a statement posted on the government website Thursday.

The move will help guarantee the technological independence of Russia’s defense industry and support Russian producers by protecting the domestic market, the statement said.

Metallurgical machines and metal casting equipment were among the equipment specified on the list, which goes into effect on January 1.

Where such machines do not have a Russian-made equivalent, they will not be subject to value-added tax when imported, the statement said.

Russia’s Trade and Industry Ministry, according to the statement, will be responsible for checking whether such equipment is produced domestically.

 

http://world.einnews.com

Comments: 0
Experts' Panel
Are the U.S. and Russia...
The Sunday, February 24 edition of Russian state television’s...
Are the U.S. and Russia...
Top
popular in the journal
STATEMENT BY THE PRESIDENT OF...

STATEMENT BY THE PRESIDENT OF...

On February 1, 2019, the United States of America launched a procedure to withdraw from the Treaty on the Elimination of Intermediate-Range and Shorter-Range Missiles. ...
Is it about Western values or...

Is it about Western values or...

When it comes to U.S. foreign policy, what we frequently hear from politicians and mainstream media is that it must be based on the well-known foundations of Western ...
Watch Buckingham Palace as Newly...

Watch Buckingham Palace as Newly...

Newly-elected British PM Boris Johnson is meeting Queen Elizabeth II at Buckingham Palace and officially taking over office from Theresa May.
PATRICK LAWRENCE: Finally Time for...

PATRICK LAWRENCE: Finally Time for...

The crumbling of Russiagate focuses attention on the considerable evidence that Russian intelligence agencies charged with intrusion into DNC servers had nothing to do ...
Phony Justifications for...

Phony Justifications for...

Russia's "intervention in a close US presidential election" is a hot topic. House Intelligence Committee chair Adam Schiff used those very words when he opened the July ...