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: 15 Sep 2014 | Removal date: open ended
Still in force

Loan guarantee

On September 9, 2014, the Government of the Russian Federation approved (according to Directive No. 1767-p) state guarantees at the amount of RUB 12.12 billion (ca. USD 315.46 million) on loans extended to defence enterprises that fulfil state defence orders. Under this scheme, 7 enterprises benefit from 9 state guarantees.
 
This state measure has the goal to expand defence enterprises' capacity to attract non-budgetary sources of funding (loans) and carry out state tasks related to the execution of the state defence orders when the federal funding is received in the form of deferred payments.
 
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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