Russia: Injection of 4 billion rubles (90 milllion Euros) into the charter capital of state-owned shipyard Sevmashpredpriyatiye
Russian Prime Minister Vladimir Putin has signed a ruling (Government Decree # 1386-p dated 28 September) to inject 4 billion rubles into the charter capital of state-owned shipyard Sevmashpredpriyatiye (Sevmash). The shipbuilding industry is said to be one of the strategic industries for the development until the year 2020 according to the "Long term concept of socio-economic development of the Russian Federation until 2020" (Government Decree from 17 November 2008 #1662-p). The company is said to need the funds to implement its financial bailout program and improve its operations.
The government has taken a series of measures this year to ensure Sevmash with orders and loans, Industry and Trade Minister Viktor Khristenko said at a meeting of the government’s presidium. State-owned Vnesheconombank (VEB) also decided to grant a 5-year extension on a 6 billion ruble loan provided earlier to Sevmash, the minister added.
The measures will allow Sevmash to increase production over 30% on the year to 9 billion rubles (200 million Euro) in 2009, Khristenko also said
Any Evidence-Based Deliberation:
|Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations?|
|Is there any evidence that alternatives to the proposed measure were considered?|
|Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government?|
|Was such evidence identified?|
|Is such evidence publicly available?|
|Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives?|
|Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken?|
|Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory?|
|Did the government state its intention to review the measure within one year of implementation?|
Date of inception: 2 Oct 2009
GTA Evaluation: Red
"Putin: Government injects 4 bln rbl into shipyard Sevmash" - Prime-TASS News - 02 October 2009.
Government Decree # 1386-p from 28 September. Available from < http://www.government.ru/content/governmentactivity/rfgovernmentdecision... >