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: 03 Jan 2014 | Removal date: open ended
Still in force

Interest payment subsidy

On January 3, 2014, the Government of the Russian Federation approved Resolution No. 3. The resolution establishes the rules for the allocation of state subsidies for the reimbursement of interest payments on loans to Russian organisations. The eligible loans must be contracted between 2014-2016 from a Russian financial institution. Furthermore, the external finance must be used for complex investment projects in priority areas of the civil industry.
 
The list with eligible investment projects will be prepared by a state commission in the future. For 2014-2015, the total budget of this scheme amounts to RUB 2 billion (ca. USD 60.26million).
 
The resolution purpose is to raise the competitiveness of the local economy. The effectiveness of the state support will be monitored through competitiveness-related indicators: volume of production in basis year prices (when the subsidy is disbursed) and investments made in basis year prices.

AFFECTED COUNTRIES

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