ANNOUNCED AS TEMPORARYNo
With Federal Law No. 133-FZ ofJune 7, 2013 the Russian Government approved an additional budgetaryallocation of RUB 40.68 billion (USD 1.24 billion) in 2013 to the Ministry ofAgriculture.
With this increase, the totalbudget funds to be allocated through the Ministry of Agriculture for thestate support of domestic agriculture (in the form of subsidies)increased from RUB 121.0 billion (USD 3.70 billion) to RUB 162.6billion (USD 4.97 billion). According to the Ministry of Agriculture'splans, the major portion of additional funds should go to livestock andpoultry producers. In the meantime, the Government has started issuing thenecessary resolutions for the distribution of these funds (see related GTAmeasure Nr. 5312 below).
The GTAincludes state guarantees and other financial incentives that are likelyto affect the restructuring and performance of firms facing internationalcompetition, whether from imports, in export markets, and from foreignsubsidiaries.
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