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: 14 Oct 2015 | Removal date: open ended
Still in force

Production subsidy

On 14 October 2015 the Russian Government approved Resolution No. 2045-p. Its purpose is to stimulate the sales of the aircraft "Sukhoi Superjet 100".
The state afforded means by which this accomplished are as follows:

  • The charter capital of Public Joint Stock Company "State transport leasing company" (hereinafter - PJSC "STLC")is to be increased. PJSC "STLC has been selected by the Ministry of Industry and Trade of the Russian Federation as the lead project operator for leasing of the aircraft "Sukhoi Superjet 100" on the Russian market.
  • Federal loan bonds with par value of the amount of 30 billion Russia Roubles (approximately 488.28 million USD) are to be transferred as payment under sale-purchase contract. As part of this contract, the Ministry of Transport of the Russian Federation will acquire the newly-issued shares of PJSC "STLC" with a total cost of 30 billion Russian Roubles with an option of their subsequent realisation at face value.
  • An agreement for the concluding of the described financial activities is to be concluded between the Ministry of Transport, the Ministry of Industry and Trade, the Agency for Deposit Insurance and PJSC "STLC".

Resolution No. 2045-p states that the described state support scheme will allow PJSC "STLC" with contracts to supply 32 aircraft "Sukhoi Superjet 100" to form a source of funds for the acquisition and subsequent transfer of aircraft to domestic airlines.

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

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

496 Aircraft & spacecraft; parts
8802 Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
880211 Of an unladen weight not exceeding 2,000 kg
880212 Of an unladen weight exceeding 2,000 kg
880220 Aeroplanes and other aircraft, of an unladen weight not exceeding 2,000 kg
880230 Aeroplanes and other aircraft, of an unladen weight exceeding 2,000 kg but not exceeding 15,000 kg
880240 Aeroplanes and other aircraft, of an unladen weight exceeding 15,000 kg

Please report this page in case you detect an inaccuracy in its content.