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: 26 Dec 2014 | Removal date: open ended
Still in force

Loan guarantee

On December 26, 2014, the Government of the Russian Federation approved (according to Resolution No. 2728-) the issuance of state guarantees at the amount of RUB 60.2 billion (ca. USD 1.14 billion). Under this scheme, 21 organisations of the military-industrial complex of the Russian Federation benefit from 24 state guarantees.
 
The state guarantees ensure the repayment of 100% of the loans, taken by the organisations in the so-called military-industrial complex with the purpose of fulfilling a state defence order, based on a government contract.

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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