Russian Government to Increase Duties on Foreign Civilian Planes

The Russian government intends to increase duties on foreign civilian planes that have been in exploitation for 7-10 years.

The government decided to work out a plan of the increase within three months, said Russian Deputy Economic Development and Trade Minister Yuri Isayev after the government session devoted to leasing of Russian airplanes.

Foreign airplanes that have been used for some time "pose a serious competition" for Russian aircraft industry, that is now oriented towards producing new models, Isayev emphasised.

At the same time the government is considering a parallel reduction of duties on deliveries of foreign engines and equipment. The Russian aircraft industry is export-oriented, so it is being equipped with western avionics and engines," according to the deputy minister.

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Author`s name Editorial Team