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Quantitative restrictions on the export of precious metals are introduced for the same period

The Cabinet of Ministers of the Kyrgyz Republic introduced a six-month ban on the export of ferrous metal scrap and waste, ferrous metal ingots for remelting, from the country outside the customs territory of the Eurasian Economic Union.

The country’s government stated about it on its official website.

Another government decision is to introduce quantitative restrictions on the export of precious metals and raw materials containing precious metals from the territory of Kyrgyzstan for a period of six months, in a volume of no more than 500 kg.

“The Ministry of Economy is instructed to inform the World Trade Organization and the Eurasian Economic Commission about the introduction of the specified ban, which will enter into force seven days after the date of its official publication, according to the established procedure, no later than three days from the date of entry into force of this resolution,” the statement said.

As GMK Center reported earlier, the decision on the introduction of a temporary ban on the export from the country outside the territory of the Eurasian Economic Union (EEU) of scrap and waste of ferrous metals, ingots of ferrous metals for remelting, Cabinet of Ministers accepted in January 2022.

On December 9, in Ukraine a new duty on the export of ferrous metal scrap in the amount of €180 per ton officially entered into force. Duty increase was supported at the session of the parliament on December 2, 242 people’s deputies. Before that, the last few years duty on the export of scrap metal in the amount of €58/t operated in Ukraine.

In early August 2022, the Ministry of Strategic Industries invited interested in departments, associations and unions’ data on the balance of steel smelting in the country and the supply of steel enterprises with scrap metal for analysis. The data will be used to prepare possible proposals for the liberalization of the export of scrap metal, as well as the disposal of destroyed military equipment of the occupiers.