Chaos averted by u-turn on costly new Russian truck laws, but only for now...

© Khunaspix Dreamstime.

Fears that Russia’s land border with Europe could descend into chaos retreated at the eleventh hour last week after its government rescinded a forthcoming regulation that could have stopped the country accepting the TIR Carnet scheme.

In July, unbeknownst to its trading partners, Russia’s Federal Customs Service (FCS) decreed that it would from mid-August no longer accept the TIR convention – the UN-recognised scheme for road haulage movements across international borders and customs regimes which eliminates the need for customs agencies ...