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. Last Updated: 07/27/2016

Deal on Pipe Exports

MOSCOW -- Russia and the European Union have agreed on lifting restrictions on the export of Russian seamless pipes to European market regulated by quotas, Prime-Tass reported a Trade Ministry official as saying Wednesday.

Alexander Orlov, head of the trade policy department, told journalists that signing of the corresponding protocol was under way.

Russian exporters of seamless pipes will be limited in how much they can export to the European market. If this level is exceeded, the EU will impose high protective tariffs, Prime-Tass said.