MOSCOW, July 6 (Xinhua) -- Russia is taxing 87.6 million U.S. dollars' worth of some U.S. imports for the coming year in response to the U.S. steel and aluminum import tariffs, Russia's Sputnik news agency reported Friday.
"Compensation measures are applied in the form of additional raised import tax rates, in the amount of 25 percent or 40 percent of the value of the imported goods," Russian Economic Development Minister Maxim Oreshkin said in a statement.
"They will apply to certain U.S. goods, if comparable goods are manufactured in Russia," Oreshkin said in the statement issued by his ministry and cited by Sputnik.
The minister said the extra duties will involve oil and gas industry equipment, construction equipment, metalworking and optic fiber.
In May, Russia notified the World Trade Organization (WTO) about possibly imposing duties amounting to 537.6 million dollars a year on U.S. goods.
