Russia faces July deadline to fix $2.2 billion trucking row


  • World
  • Saturday, 05 Apr 2014

GENEVA (Reuters) - Russia is inflicting $2.2 billion of annual costs on crossborder trade by enforcing illegal customs charges and inspections on trucks, the Secretary General of the International Road Transport Union said on Friday.

The IRU is a U.N.-backed organisation that runs the "TIR" system of customs guarantees, intended to make road haulage cheaper and quicker. Its members - national associations of trucking firms - gave IRU's board a mandate on Friday to withdraw TIR coverage from Russia if Moscow does not fix the problem by July 1.

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