ANNOUNCED AS TEMPORARYNo
Interest payment subsidy
On March 12, 2013, the Russian Government approved with Resolution No. 335 the disbursement of subsidies to selected subjects of the Russian Federation (republics and regions).The subsidies amount to RUB 4.57 billion (USD 147.04 million) and aim to partially compensate small agricultural entities for interest payments on their loans. The measure forms part of the Agricultural Development and Regulation State Programme for the period 2013-2020 (see related GTA measure Nr 3980 below). It is also in line with the recent statement of the President of the Russian Federation, Mr Vladimir Putin, that the interests of the sectors, including agriculture, facing the most intensive competition from abroad (after the WTO accession) will be supported.
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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