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. Last Updated: 07/27/2016

Customs on Target

MOSCOW -- The State Customs Committee will meet its 19.3 billion ruble ($677 million) January revenue target despite low foreign

trade volumes, the committee's head said Tuesday.

"It's a very big task, but there is a chance to cope with it, despite the fact that foreign trade reawakened only on Jan. 15," Prime-Tass quoted Mikhail Vanin as saying at a news conference.

The Christmas and New Year holidays kept trade closed.

Vanin said he was confident about January revenues because natural gas monopoly Gazprom started to pay a 5 percent export tariff this month.

The Tax Ministry and the State Customs Committee, the main bodies responsible for budget revenue collection, are expected to collect the targeted 50 billion rubles in January, Deputy Prime Minister Viktor Khristenko said earlier this month.

Vanin said the 2000 annual target for the committee had been set at 327 billion rubles, or 40 percent of all budget revenue.