ANNOUNCED AS TEMPORARYNo
Interest payment subsidy
On 6 December 2012, the Russian Government (according to Resolution 2282-) approved the allocation of a subsidy at the amount of46,912,076.5 thousands Russian Roubles to selected subjects of the Russian Federation (regional state authorities). The purpose of this state aid measure is to stimulate the Russian agricultural sector.
Concretely, the subsidy will partially cover interest-relatedexpenses concerning:
a. investment loans with a term between 2 and 10 years, issued by Russian credit institutions and agricultural credit entities in the period 2004-2012.
b. loans with a term up to 8 years, issued by Russian credit institutions and agricultural credit entities in the period 2005-2012.
c. loans with a term up to 1 year, issued by Russian credit institutions and agricultural credit entities in the period 2009-2012.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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