IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 15 Dec 2015 | Removal date: open ended

Loan guarantee

On 12 December 2015 the Russian Government approved Resolution No. 2544. It authorises the issuance of a state guarantee at the amount of 3.59billion RUB (51 million USD as per the official RUB/USD official rate of 15 December 2015). Its purpose is to cover company's liabilities as they relate to an investment loan taken from VTB Bank and to enhance the manufacturing of import substitution production of the local metallurgy. 
 
The investment project's title is"Development of the specialised electro-metallurgy, production of high-alloyed steels and alloys for the purpose of development of manufacture of rolls of cold rolling, addressing the tasks related to import substitution, and expansion of the range of products and ring wires for high-tech industries"

JSC 'Ruspolymet' is a metallurgical complex with full production cycle from melting of a wide range of special steels and alloys to manufacture of ring blanks and disks of various geometries and a wide range of sizes.
 
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

412 Products of iron or steel
7208 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, hotrolled, not clad, plated or coated.
720810 In coils, not further worked than hotrolled, with patterns in relief
720837 Of a thickness of 4.75 mm or more but not exceeding 10 mm
720838 Of a thickness of 3 mm or more but less than 4.75 mm
720839 Of a thickness of less than 3 mm
720840 Not in coils, not further worked than hotrolled, with patterns in relief
720851 Of a thickness exceeding 10 mm
720852 Of a thickness of 4.75 mm or more but not exceeding 10 mm
720853 Of a thickness of 3 mm or more but less than 4.75 mm
720854 Of a thickness of less than 3 mm
720890 Other
7209 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, coldrolled (coldreduced), not clad, plated or coated.
720915 Of a thickness of 3 mm or more
720916 Of a thickness exceeding 1 mm but less than 3 mm
720917 Of a thickness of 0.5 mm or more but not exceeding 1 mm
720918 Of a thickness of less than 0.5 mm
720926 Of a thickness exceeding 1 mm but less than 3 mm
720927 Of a thickness of 0.5 mm or more but not exceeding 1 mm
720928 Of a thickness of less than 0.5 mm
7210 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, clad, plated or coated.
721012 Of a thickness of less than 0.5 mm
721020 Plated or coated with lead, including terneplate
721030 Electrolytically plated or coated with zinc
721049 Other
721061 Plated or coated with aluminiumzinc alloys
721069 Other
721070 Painted, varnished or coated with plastics
721090 Other

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