IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 04 Dec 2015 | Removal date: open ended
Still in force

Trade finance

According to a press report dated 4 December 2015 of the Russian Agency for Export Credit and Investment Insurance (EXIAR), it provided insurance coverage for exports of Russian fertilisers.

The concrete export financing scheme is as follows:

  • The bank VTB provided a loan at the amount of 100 million USD to 'Uralchem', one of the largest Russian fertiliser producers.
  • EXIAR provided the insurance coverage of this particular export credit (no concrete details of the insurance deal disclosed).

A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

346 Fertilizers & pesticides
3101 Animal or vegetable fertilisers, whether or not mixed together or chemically treated; fertilisers produced by the mixing or chemical treatment of animal or vegetable products.
310100 Animal or vegetable fertilisers, whether or not mixed together or chemically treated; fertilisers produced by the mixing or chemical treatment of animal or vegetable products.
3102 Mineral or chemical fertilisers, nitrogenous.
310210 Urea, whether or not in aqueous solution
310221 Ammonium sulphate
310229 Other
310230 Ammonium nitrate, whether or not in aqueous solution
310240 Mixtures of ammonium nitrate with calcium carbonate or other inorganic nonfertilising substances
310260 Double salts and mixtures of calcium nitrate and ammonium nitrate
310280 Mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution
310290 Other, including mixtures not specified in the foregoing subheadings
3103 Mineral or chemical fertilisers, phosphatic.
310310 Superphosphates
310390 Other
3104 Mineral or chemical fertilisers, potassic.
310420 Potassium chloride
310430 Potassium sulphate
310490 Other
3105 Mineral or chemical fertilisers containing two or three of the fertilising elements nitrogen, phosphorus and potassium; other fertilisers; goods of this Chapter in tablets or similar forms or in packages of a gross weight not exceeding 10 kg.
310510 Goods of this Chapter in tablets or similar forms or in packages of a gross weight not exceeding 10 kg
310520 Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium
310530 Diammonium hydrogenorthophosphate (diammonium phosphate)
310540 Ammonium dihydrogenorthophosphate (monoammonium phosphate) and mixtures thereof with diammonium hydrogenorthophosphate (diammonium phosphate)
310551 Containing nitrates and phosphates
310559 Other
310590 Other

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