IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 18 Mar 2013 | Removal date: 17 Aug 2013
Still in force

Instrument unclear

On March 18, 2013, the Russian Government (Order 375) distributed from the 2013 state budget 1,728 Mio. RUB (56 Mio USD). This state measure is in line with the recent statement of the President of the Russian Federation, Mr Vladimir Putin, that the interests of the economic sectors, agriculture included, who meet the most intensive competition from abroad after the WTO accession, will be considered.

Among the key requirements (related GTA measure Nr 4285), the co-financed grants must comply with, are:

  • The maximal subsidy amount, a single starting farmer may obtain, must be of up to 1.5Mio. RUB (0.05 Mio. USD).
  • An acceptable purpose of the grant is, for example: the acquisition of agricultural land, (re)construction of agricultural premises, purchase of animals, inventory, machinery, vehicles, seeds, fertilisers and chemicals.

 
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.
 

AFFECTED COUNTRIES

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