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
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Inception date: 13 Jan 2016 | Removal date: open ended
Still in force

Financial assistance in foreign market

According to a press report dated 13 January 2016 of the state Eximbank of Russia, it signed with Miory metal-rolling plant from Belarus a loan agreement in the amount of 51.9 million EUR for a period of 10 years.
 
The funds are to be allocated for the construction of a plant for the production of tinplate and cold-rolled steel in Belarus. The risks of Eximbank of Russia related to the credit are covered by a second agreement, signed between Eximbank of Russia and EXIAR, the Russian Agency for Export Credit and Investment Insurance, as part of its product "Insurance of working capital loans of exporters'. In the implementation of the project in Belarus will participate the Russian exporters "Metpromstroy" and Metpromtekh. However, the press release does not disclose their exact functions and role.
 
The decision of Eximbank of Russia to provide financing concerning the mentioned deal was taken as part of Russia's state programme for support of high-tech exports.
 
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
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
720925 Of a thickness of 3 mm or more
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
720990 Other

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