--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20210910-russian-exporters-of-mineral-fertilizers-may-face-large-carbon-tax-payments/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Russian exporters of mineral fertilizers may face large carbon tax payments Publication Date: 2021-09-10T17:00:32-04:00 Last Updated: 2021-09-09T12:43:51-04:00 Author: Andrey Viktorov (https://www.fertilizerdaily.com/author/aviktorov/) Categories: [Markets](https://www.fertilizerdaily.com/markets/), [Trade & Policy](https://www.fertilizerdaily.com/trade-and-policy/) ![Russian exporters of mineral fertilizers may face large carbon tax payments](https://www.fertilizerdaily.com/wp-content/uploads/2021/09/metal-money-close-up-cash-gold-currency-775286-pxhere.com_.jpg) The companies will be obliged to pay for carbon dioxide emissions. According to the statement of Mikhail Ivanov, Deputy Minister of Industry and Trade of Russia, expenses of Russian exporters of mineral fertilizers after the introduction in the European Union of a border carbon tax will amount to €500 million (approximately $591.5 million). “We have calculated the potential costs that could be incurred if a border carbon tax was introduced for these product groups. As follows from our calculations, at the rate of €53 (about $63) for the cost of a ton of carbon dioxide on the European exchange, the volume of losses is equal to €500 million,” said Mikhail Ivanov. Mikhail Ivanov also noted that in 2030-2035, the rate of carbon dioxide emissions will almost double, which will lead to expenses of a billion euros. This is the amount of potential tax that can be collected from Russian exports, he said. Source: [Finanz.ru](https://www.finanz.ru/novosti/aktsii/pravka-minpromtorg-ocenil-izderzhki-eksporterov-udobreniy-pri-uglerodnom-naloge-es-v-500-mln-evro-1030770786) Tags: [European Union](https://www.fertilizerdaily.com/tag/european-union/), [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.