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: 24 Jul 2013 | Removal date: open ended
Still in force

Loan guarantee

On July 24, 2013, the Government of the Russian Federation approved (according to Directive No.1301) state guarantees fully covering the loans of defence enterprises who are contractors of the Russian government. As a result, a group of four defence enterprises are provided 5 state guarantees for a total amount of RUB 20.7 billion (USD 0.63 billion).

This state measure has the goal to expand the capacity of the defence enterprises to attract external sources of funding and carry out public contracts for which the federal funding is received only as deferred payments. A further advantage provided by the state is that the defense enterprises will not be required to put up additional collateral.
 
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

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.