IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

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 Apr 2016 | Removal date: open ended
Still in force

Interest payment subsidy

On 4 April 2016 the Russian Government (according to Decree No. 267) allocated subsidies to the local aircraft engine manufacturing industry.

The purpose of the subsidies is to improve the existing conditions for domestic manufacturing by United Engine Corporation ('UEC') of perspective aircraft engines -14, -14, -14 -10, to be used in the civil aircraft segment of the industry. The subsidies are at the amount of 1,286 billion RUB (ca. 19 million USD). They are to partially cover the due coupon payments at the amount of 1.982 billion RUB (ca. 29 million USD), accrued on earlier issued by UEC obligation loans.

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

431 Engines & turbines & parts
8407 Sparkignition reciprocating or rotary internal combustion piston engines.
840721 Outboard motors
840732 Of a cylinder capacity exceeding 50 cc but not exceeding 250 cc
840733 Of a cylinder capacity exceeding 250 cc but not exceeding 1,000 cc
840734 Of a cylinder capacity exceeding 1,000 cc
840790 Other engines

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