The International Trade Administration is conducting another review to examine whether Russia remains a market economy for purposes of U.S. antidumping duty law. This review, which could result in higher AD duties on imports from Russia if the ITA determines that it is now a non-market economy country, will take place as a changed circumstances review of the AD duty order on urea ammonium nitrate solutions from Russia.
The ITA determined to continue market economy status for Russia following a similar review last fall but now states that in light of recent developments in Russia’s economy (largely associated with its invasion of Ukraine) reforms related to the six statutory factors governing NME determinations may have backtracked. Examples include restrictions on currency conversion that may have influenced the value of the ruble, increased restrictions on investments by firms of foreign countries, and a potential increase in the size of the state sector and its influence over commercial activities.
Comments for the ITA’s consideration as part of this review are due no later than June 3.
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