Russia’s Ministry of Transportation announced that new amendments have successfully passed into law that will place stricter requirements on the documentation of foreign vehicle-based transport. The monetary penalty for failing to provide all the necessary documents has also increased from 50 thousand rubles per car to 200 thousand rubles. Russia’s Ministry of Transportation also announced that the new amendments are meant to strengthen the government’s control over foreign logistics in the country.
According to official data, foreign companies accounted for about 60 percent of the market of the international road transport market. It is speculated that the fall of the ruble and rising production costs had forced Russian logistics companies to raise tariffs to a level that is higher than many foreign competitors.