In brief
The Ministry of Investment, Trade and Industry (MITI) has announced the resumption of Non-Preferential Certificate of Origin (NPCO) approvals for specific product categories to be exported to Russia, which include various types of ball or roller bearings. This follows a prior announcement regarding the temporary suspension of NPCO approvals for certain products to be exported to Russia effective 3 December 2024.
In more detail
Effective 1 January 2025, MITI has resumed issuing NPCO approvals for products classified under the following HS headings for export to Russia:
HS Heading | Description |
8482.10 | – Ball bearings |
8482.20 | – Tapered roller bearings, including cone and tapered roller assemblies |
8482.30 | – Spherical roller bearings |
8482.50 | – Other cylindrical roller bearings, including cage and roller assemblies |
According to MITI, this decision was made to ensure business continuity and safeguard national strategic interests.
Remarks
Businesses exporting the affected products to Russia and seeking NPCO approvals from MITI are encouraged to take note of the updated process and requirements to ensure customs compliance and seamless trade operations.