IMPLEMENTATION LEVEL

NFI

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: 10 May 2016 | Removal date: open ended

Trade finance

Resolution No. 865-p of 10 May 2016 allocated a state subsidy at the amount of 13 billion RUB (196.4 million USD). Its purpose is to support the local manufacturing of high-tech production.
 
This state subsidy is allocated as part of point 36 of the Russian Government's Action Plan aimed at ensuring sustainable socio-economic development of the Russian Federation in 2016 (Document 1349-13 of 1 March 2016). Point 36 states that the subsidies will be allocated as part of the financing of 10 export contracts that are worth 110 billion RUB, including:

  • 15000 railway wagons to Iran, Azerbaijan, Kazakhstan, Egypt, and Cuba;
  • 12 airplanes "Sukhoi Superjet-100" to Ireland, Mexico, Denmark;
  • energy industry-related equipment to Vietnam, related to the Thermal Power Plant Long Fu 1.

A planned workflow for this state intervention:

  • As an initial step, this subsidy is to be transferred to the State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" and Eximbank of Russia.
  • As a second step, these two state institutions are to use the state subsidies for partial reimbursement of the expences of high-tech producers.

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

444 Machinery for mining, quarrying & construction; parts
8704 Motor vehicles for the transport of goods.
870410 Dumpers designed for offhighway use
491 Motor vehicles, trailers & semi-trailers; parts
8704 Motor vehicles for the transport of goods.
870421 g.v.w. not exceeding 5 tonnes
870422 g.v.w. exceeding 5 tonnes but not exceeding 20 tonnes
870423 g.v.w. exceeding 20 tonnes
870431 g.v.w. not exceeding 5 tonnes
870432 g.v.w. exceeding 5 tonnes
870490 Other
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
880260 Spacecraft (including satellites) and suborbital and spacecraft launch vehicles

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