Ukraine restores antidumping duty on switch imports from Russia

According to Ukrainian Interagency Commission on International Trade (ICIT), on September 25 it restored a 59.4% antidumping duty on switch imports from Russia, which was cancelled in July (see our news of July 10). The new imposition of duties follows an investigation initiated by the biggest Ukrainian switch producer, Dnipropetrovsk Switch (DSTR: N/R). Inna Perepelytsya: The new regulations can only benefit Dnipropetrovsk Switch, which already this year has shown impressive sales growth of 60.7% yoy in 1H08 08Hto USD 46.4 mln and its net income rose 25.7% yoy to USD 5.7 mln.