MarketsThe United States has decided to impose taxes on...

The United States has decided to impose taxes on nitrogen fertilizers from Russia


The U.S. Department of Commerce says Russian manufacturers and exporters of urea-ammonia (UAN) receive subsidies that are subject to competitive U.S. measures and that the products are sold at a reduced price. This allows the agency to impose its responsibilities, according to a statement released Thursday in the US Government’s Collection of Official Documents – the so-called In the Federal Register.

“The US Department of Commerce has determined that the relevant subsidies were provided to UAN manufacturers and exporters from the Russian Federation,” the document said.

According to the report, the agency believes that “UAN from the Russian Federation is for sale or, most likely, will be sold in the United States at a real low price.”

According to the US Department of Commerce, these subsidies were received, in particular, by Eurochem and Akron. The agency presented its assessments for these companies of “the proposed individual rate of US allowable compensation subsidies.” For EuroChem this figure is estimated at 6.27%, for Akron – 9.66%, for other manufacturers – 8.47%.

The report said that anti-dumping charges on Akron products could be 8.16%. For Eurochem and a number of other manufacturers – 23.98%.

This investigation was launched in 2021 from Russia, as well as in connection with the supply of UAN from Trinidad and Tobago. In a lawsuit filed against U.S. fertilizer producers, U.S. authorities acknowledged that these exports were detrimental to the national economy. In January of this year, the US Department of Commerce made a preliminary decision to impose taxes on the supply of UAN from the Russian Federation.

Source: rambler


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