Russia to cancel wheat export tax ahead of schedule

MOSCOW: Russia will remove a tax on wheat exports ahead of schedule, Deputy Prime Minister Arkady Dvorkovich told reporters on Wednesday. "The duty on grain in its current state may be cancelled even earlier than July 1," Dvorkovich said.

Later he said the duty level would be changed to "close to zero or to zero." Dvorkovich said he had asked Russia's agriculture ministry to submit proposals so the duty could be removed by mid-May.