Imported dietary supplements in Russia may rise in price by 10-15 percent

Soon, foreign biologically active additives (dietary supplements) may rise in price in Russia by an average of 10-15 percent. The head of DSM Group, Sergei Shulyak, warned citizens about this, his words are quoted by Kommersant.

He cited the inclusion of these products in the list of goods subject to increased import duties as the main reason. The government decree will come into force on October 2. Until the end of next year, the tariff will be 35 percent of the customs value.

This circumstance, Shulyak believes, will lead to a noticeable increase in the price of imported dietary supplements. Increased import duties will apply to all unfriendly countries with the exception of Hungary and Slovakia. The measure is expected to affect almost a third of the Russian supplement market, explained Nikolay Bespalov, development director at RNC Pharma. The increase in customs rates, he stated, will be automatically translated into the price on the shelf.