IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

Trade finance

On 12 May 2015, a draft bill (Bill 721717-6/14.02.2015)was introduced in the state Duma which, if implemented, would result in a new export subsidy instrument. The bill proposes that Vnesheconombank shall be authorised to finance projects of Russian companies abroad. Currently,Vnesheconombank is restricted to finance projects located on Russian territory only. The bill also stipulates a local content requirement of 30 percent for abroad projects financed through Vnesheconombank.

AFFECTED COUNTRIES

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