ANNOUNCED AS TEMPORARYNo
Interest payment subsidy
On October 19, 2013, the Russian Government approved with Resolution No. 1908-p the disbursement of subsidies to selected subjects of the Russian Federation (towns, republics and regions). The purpose of this state measure is to partially compensate the interest payments on loans received by agricultural producers and animal breeders from Russian credit organisations or rural agricultural credit cooperatives (see related GTA measures Nr 4298 and Nr 4507 below).The strategic goal of this state intitiative is to enhance the development of the Russian agricultural and animal breeders' sector, its infrastructural basis, as well as plant processing and market supplies.
Concretely, the disbursement to agricultural producers amounts to RUB 11.79 billion (USD 364.451 million), RUB 3 billion more than planned, and the disbursement to animal breeders amounts to RUB 32.61 billion (USD 1.008 billion), RUB 3.87 billion more than planned.
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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