ANNOUNCED AS TEMPORARYNo
On March 12, 2013, the Russian Government approved with Resolution No. 342 the disbursement of subsidies to selected subjects of the Russian Federation (republics and regions).The disbursement amounts to RUB 3.9 billion (USD 125.48 million). The purpose of the subsidy scheme is to co-finance the expenditures of the subjects of the Russian Federation related to the maintenance of cattle and other farm animals.
This measure is in line with the recent statement of the President of the Russian Federation, Mr Vladimir Putin, that the interests of the sectors, 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.
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