Stable with slight decline due to geopolitical tensions and sanctions.
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for temporary exemptions as per EAEU regulations; requires documentation proving origin or purpose.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Imposes New Sanctions on Russian Industrial Machinery Imports
The United States has introduced additional sanctions targeting Russian industrial machinery, including machines for reeling, unreeling, folding, cutting, or pinking textile fabrics (HS Code: 845150). This is part of broader measures to restrict trade with Russia amid ongoing geopolitical tensions.
2023-10-15
Impact: This sanction is likely to significantly reduce or halt the export of such machinery from the US to Russia, affecting Russian textile industries reliant on American technology.
Russia Seeks Alternative Suppliers for Textile Machinery Amid US Restrictions
Following US trade restrictions, Russian textile manufacturers are reportedly seeking alternative suppliers for machinery under HS Code 845150 from countries like China and Turkey to replace US imports.
2023-09-20
Impact: This shift may lead to a permanent decline in US-Russia trade for these machines as Russia diversifies its supply chain, reducing dependency on US equipment.
US Commerce Department Reviews Export Licenses for Textile Machinery to Russia
The US Department of Commerce announced a review of export licenses for industrial machinery, including textile fabric processing machines (HS Code: 845150), to tighten control over shipments to Russia.
2023-08-05
Impact: Pending license approvals could delay or block exports, creating uncertainty for US manufacturers and potentially decreasing trade volume with Russia in this sector.
Policy Updates
US Expands Export Controls on Industrial Machinery to Russia
The US Bureau of Industry and Security (BIS) has updated the Export Administration Regulations (EAR) to include stricter controls on industrial machinery, including HS Code 845150, requiring enhanced licensing for exports to Russia as part of national security measures.
Date: 2023-10-10
Russia Imposes Counter-Tariffs on US Machinery Imports
In response to US sanctions, Russia has introduced retaliatory tariffs on a range of US industrial goods, including textile machinery under HS Code 845150, increasing costs for Russian importers and discouraging trade.
