IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 04 Dec 2014 | Removal date: open ended
Still in force

Trade finance

A press release of Russian Agency for Export Credit and Investment Insurance (EXIAR) dated 4 December 2014 reports that it insured exports of products manufactured by Magnezit Group, ENERGOPROM Novocherkassk Electrode Plant, and other suppliers to the Republic of Belarus.
The export financing deal is performed by means of a buyer credit insurance contract signed between EXIAR and Promsvyazbank. On its turn, Promsvyazbank authorised the allocation of a financing limit of USD 18.9 million to Belarusian Steelworks, the management arm of the Belarusian Metallurgical Holding Company, in order the Russian shipments to be paid. EXIAR covers the risk of default under this deal.
Among the products that ENERGOPROM Group manufactures are: graphite electrodes, flamed anodes, electrode and anode mass, molded graphite products, carbon graphite structural materials, consumer goods; among those of Magnezit Group's --- refractory materials, innovative engineering solutions, and concerning comprehensive servicing of thermal generating units.
 
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

373 Refractory products & structural non-refractory clay products
3816 Refractory cements, mortars, concretes and similar compositions, other than products of heading 38.01.
381600 Refractory cements, mortars, concretes and similar compositions, other than products of heading 38.01.
6902 Refractory bricks, blocks, tiles and similar refractory ceramic constructional goods, other than those of siliceous fossil meals or similar siliceous earths.
690210 Containing by weight, singly or together, more than 50 % of the elements Mg, Ca or Cr, expressed as MgO, CaO or Cr2O3
690220 Containing by weight more than 50 % of alumina (Al2O3), of silica (SiO2) or of a mixture or compound of these products
690290 Other
6903 Other refractory ceramic goods (for example, retorts, crucibles, muffles, nozzles, plugs, supports, cupels, tubes, pipes, sheaths and rods), other than those of siliceous fossil meals or of similar siliceous earths.
690320 Containing by weight more than 50 % of alumina (Al2O3) or of a mixture or compound of alumina and of silica (SiO2)
690390 Other
414 Copper, nickel, aluminium, alumina, lead, zinc & tin, unwrought
7402 Unrefined copper; copper anodes for electrolytic refining.
740200 Unrefined copper; copper anodes for electrolytic refining.
469 Other electrical equipment & parts
8545 Carbon electrodes, carbon brushes, lamp carbons, battery carbons and other articles of graphite or other carbon, with or without metal, of a kind used for electrical purposes.
854511 Of a kind used for furnaces
854519 Other
854520 Brushes

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