IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 12 Mar 2013 | Removal date: 10 Jan 2014
Still in force

Production subsidy

 
On March 12, 2013, the Russian Government approved with Resolution No. 340 the disbursement of subsidies to selected subjects of the Russian Federation (republics and regions).The disbursement amounts to RUB 1.96 billion (USD 63.09 million). The purpose of the subsidy scheme (see related GTA measure Nr 4332 below) is to support the subjects of the Russian Federation to partially compensate the following expenses of crop producers: purchase of elite seeds; acquisition of seeds and delivery to remote Russian regions (for example the Far North); partial reimbursement of expenses related to the maintenance of perennial plant orchards; reimbursement of expenses related to the recultivation of uprooted Russian areas.
 
This state measure 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 considered.
 
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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