Home / EMEA / Siemens – Sinara jv. requests extension of the zero import duty of Desiro RUS components until 2020

Siemens – Sinara jv. requests extension of the zero import duty of Desiro RUS components until 2020

LLC Ural Locomotives, Sinara and Siemens joint venture, might face problems in reaching the 80% level of domestic production for Lastochka EMU by 2017. The companies asked for an extension of the zero-import duty on rolling stock  components for this project until 2020.

Ural Locomotives could save about EUR 100 millions based on the decision, however the Russian Ministry of Industry and Trade is against applying the  zero rate of customs duties, says local press.

Siemens claims that the request to abolish import duties applies only to those components that are already planned to be purchased from Germany.

The Russian Ministry of Industry and Trade stipulates that the level of Desiro RUS localised production should reach by 55% by 2015, 70% by 2016, and 80% by 2017.

In March 2013, the Council of the Eurasian Economic Commission approved the decision to null import customs duties on some types of railcars from March 15, 2013 till December 31, 2014. The first Russian made Lastochka was released in May.  Eight other units are expected to be ready this year and other 33 are planned for  delivery in 2015.

Source Prime.ru

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