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: 19 Sep 2013 | Removal date: open ended
Still in force

Loan guarantee

On September 19, 2013, the Government of the Russian Federation approved (according to Order No. 1671-p) the issuance of three state guarantees fully covering the loans of two entities ("Moscow Institute of Thermal Technology" and "Scientific-Research Institute of communication and control systems") operating in the defence industry. The total amount of the guarantees amounts to RUB 8.7 billion (USD 0.26 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 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

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