Russia Keeps Duties on Raw Timber Shipments Unchanged for 2011

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Russia kept export duties on raw timber unchanged for 2011, the government said in a resolution published on its website.

The duty on most timber was kept at 25 percent of the customs value, and not less than 15 euros ($19.41) a cubic meter, it said. That excludes shipments of poplar, gum-tree and aspen, where the export duty is 10 percent of the customs value and not less than 5 euros a cubic meter.