IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 05 Apr 2014 | Removal date: open ended
Still in force

Interest payment subsidy

With decree Nr. 544-p of 5 April 2014 the Russian government approved state support for 17 projects of Russian enterprises related to the production of children's furniture, toys, shoes, uniforms, street play equipment. Concretely, the state will subsidise their R&D and construction-experimental costs. In addition, it will reimburse the companies' interest rates on loans used for the purchase of technological equipment.
 
Currently, imported children's goods dominate the Russian market. For example, 60 per cent of the children's cosmetics and baby products are supplied by importers; this share is 90 per cent for children's shoes, clothes and toys. China is a key supplier of these goods.
 

AFFECTED COUNTRIES

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