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: 12 Mar 2015 | Removal date: open ended
Still in force

Interest payment subsidy

On 12 March 2015 the Russian government approved the rules for granting subsidies for reimbursement of credit-related expenses for loans taken by industrial enterprises, that belong to the list of the enterprises with strategic importance for the country (see the 3rd provided source).
The eligible credit lines must be for working capital or for financing of current operations. The state support is at the amount of 20 billion Russian Roubles (ca. 350 million USD) and will be provided from the anti-crisis fund forming part of the 2015 federal budget. 
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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