Ukraine to Sell Duty-Free Pipes to Russia, Kommersant Reports

Ukraine has won approval from the Russian-led Customs Union to supply 150,000 tons of steel pipes without tax from August through December, Kommersant-Ukraine reported, citing Economy Minister Petro Poroshenko.

Ukrainian pipe makers Interpipe (NITR) and Centravis will be allowed to export without any levies, according to the newspaper. Other Ukrainian steel-pipe makers pay a duty of between 19.4 percent to 37.8 percent, Kommersant reported. The Customs Union includes Russia, Kazakhstan and Belarus.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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