PRESS: Russian cable makers ask authorities for import duties - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: Russian cable makers ask authorities for import duties

MOSCOW, Mar 20 (PRIME) -- Russian manufacturers of fiber optics and cables have asked the government to impose a 15% import duty to fend off Chinese competitors, but connection operators oppose the move, business daily Kommersant reported on Monday.

The daily cited a letter by Deputy Digital Development Minister Andrei Zarenin as of March 13 to operators MegaFon, MTS, VimpelCom, ER-Telecom, power supplier Rosseti, and relevant associations.

The official wanted the market participants to consider the suggestions by Moscow Mayor Sergei Sobyanin on raising import duties for cable products above the countryТs WTO obligations from the current zero.

Zarenin asked the operators to estimate the share of imported products on the market and report about an opportunity to replace foreign products with Russian ones.

Optic Fiber Systems CEO Andrei Nikolayev told the daily that the Russian market of fiber optics as a raw material for cables amounted to 7.5 million kilometers, or 4 billion rubles, in 2021. Optic Fiber Systems has 30% of the market and the rest is in the hands of foreign makers.

The executive said the market shrank to 6 million kilometers, or 3 billion rubles, in 2022 because the operators cut expenses on infrastructure development, but the market may recover to 7.5 million kilometers in 2023.

(76.6044 rubles Ц U.S. $1)

End

20.03.2023 09:32
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 103.8680 +0.7049 03 oct
USD 98.4785 +1.0638 03 oct
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3162.53 +0.93 18:50 03 oct
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 166.00 -0.65 17:34 02 oct
lkoh 6698.00 +0.31 17:33 02 oct
rosn 537.00 0.00 17:40 02 oct
sber 260.72 0.00 17:40 02 oct
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 103.8150 +1.0625 14:59 02 oct
USDTD 99.0200 +1.4000 17:34 02 oct