Maintenance. We are currently updating the site. Please check back shortly

Thomson Reuters Foundation

Inform - Connect - Empower

Trucking body threatens to exclude Russia from customs system

Source: Reuters - Wed, 19 Feb 2014 10:18 GMT
Author: Reuters
Tweet Recommend Google + LinkedIn Email Print
Leave us a comment

GENEVA, Feb 19 (Reuters) - The International Road Transport Union (IRU) warned President Vladimir Putin on Wednesday that Russia could be excluded from an international system of customs guarantees unless Moscow scraps what it says are illegal border restrictions.

Dropping out of the system of "TIR" guarantees would raise costs for 40 percent of Russia's overall imports, which were worth $110 billion in 2013, the trucking body said in a statement.

It would also slow Russian container exports, in what IRU Secretary General Umberto de Pretto described as a "lose-lose scenario".

The IRU is an international organisation that runs the "TIR" system of customs guarantees, allowing truckers to seal their containers at departure and avoid lengthy customs checks on the way to their final destination.

(Reporting by Tom Miles; Editing by Andrew Heavens)

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus