ANNOUNCED AS TEMPORARYNo
Decree Nr. 134 of 22 February 2014 stipulates that in the period 2014-2016 Russian companies operating in the area of industrial engineering and design are eligible for federal subsidies for partial reimbursement of expenditures, related to the realisation of pilot projects. To be eligible for the subsidies, projects must be financed through loans from Russian banks or the state-owned Vnesheconombank. The new industrial subsidies will be at the amount of 1 billion Russian Roubles (USD 30 million) per year. Their purpose is to develop the services, offered by the local industrial engineering and design companies.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.
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