333 bln Rubles to be Overpaid for Goods’ Transportation Between Russia and EU by end of Year

333 bln Rubles to be Overpaid for Goods’ Transportation Between Russia and EU by end of Year

Photo: https://www.rbc.ru/

Transportation of various cargoes from Russia to EU countries and back has become 4-5 times more expensive. According to RBC, the increase in transportation costs is associated with the ban on entry of trucks from Russia to European countries, introduced on April 9. Russian companies engaged in transportation of goods have already overpaid 68 billion rubles ($1.27 bln.)

If the situation remains the same, exporters and importers will have to pay an additional 265 billion rubles ($5 bln) by the end of this year. Then the total amount of overpayments will amount to 333 billion rubles ($6.24 bln.) This is reported by RBC, referring to the draft appeal of the Association of International Road Carriers (ASMAP) to the President of the Russian Federation Vladimir Putin.

Acting Director of the Department of State policy in the sector of road and urban passenger transport of the Ministry of Transport Vladimir Lugovenko said that there is a counter proposal: trucks that are registered in the EU countries, also prohibit entry into Russian territory. This will be decided in the very near future with various ministries, including the Ministry of Agriculture, the Ministry of Economic Development, the Ministry of Industry and Trade, as well as the Federal Customs Service.

As confirmed by Lugovenko, the Ministry of Finance has already supported the initiative of transport companies to compensate carriers for the cost of transport that is delayed in Ukraine. In general, the package of measures was also supported by the head of the Ministry of Transport Vitaly Savelyev and the head of the Ministry of Economic Development Maxim Reshetnikov. In addition, presidential spokesman Dmitry Peskov, as reported by Lenta.ru, clarified that the government is ready to consider the proposals of the association.

Meanwhile, ASPAM reported that it plans to ask for financial assistance for Russian auto enterprises affected by the EU sanctions. In turn, the Ministry of Transport said that the agency has already prepared measures for financial support of transport companies totaling 24.5 billion rubles ($459.15 mln), 18.6 billion ($348.58 mln) of which, as Izvestia says, is planned to allocate from the budget to compensate the costs of transport companies and keep them employed. Another 2.4 billion rubles ($45.9 mln) will be allocated to compensate the damage caused to companies because of the confiscation of goods and transport on its territory by Ukraine. In addition, it is planned to allocate 3.5 billion rubles ($65.59 mln) for subsidies to leasing companies, which were also affected by the sanctions.

Meanwhile, back in April, the media reported that, due to the EU sanctions, Latvia did not allow almost 150 trucks, moving from Belarus and Russia. Most of the detained drivers knew nothing about the ban.

As Gazeta.ru reports, the ban on transportation of construction materials is the most significant for Kaliningrad. This circumstance is “the most critical,” said Yuri Gritsun, Head of the Analyst Express auditing company.

According to Izvestia, the sanctions have affected the ban on road transport in the territory of the EU countries, including transit. At the moment, the ban does not apply to the transportation of medical, food and pharmaceutical products. In addition, transportation of wheat and fertilizers is not affected by the sanctions. Trucks with humanitarian cargo are also allowed through.

The EU countries are also experiencing difficulties in connection with the anti-Russian sanctions. According to media reports, European countries are already experiencing, among other things, a shortage of lumber, especially plywood, which is essential for furniture production. Stocks will be sufficient for some time, but then emergency measures will have to be taken.

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