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Russia grants VAT breaks to support domestic repair of fishing vessels

With Norway no longer repairing Russian fishing vessels at its ports, Russia has moved to encourage domestic ship maintenance

By Undercurrent News | July 13, 2023 09:56 BST
A Russian cod and haddock trawler/factory vessel. Credit: Vyborg Shipyard
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Russian authorities have enacted new legislation to introduce a conditional value-added tax (VAT) exemption intended to encourage domestic fishing vessel repair and upgrade the country's fishing fleet [...]

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