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: 30 Dec 2014 | Removal date: open ended
Still in force

Trade finance

According to a press report dated 30 December 2014 of the state Eximbank of Russia, it has received a state guarantee of the Russian Federation at the amount of 82.18 million USD.

This state guarantee covers the main debt liability plus due interest of the Panama-based company SAAL S.A. related to a credit line at the amount of 70 million USD. The name of the financial institution that lends the money as well as further details related to the transaction are not disclosed. The purpose of the loan is to finance the acquisition of three airplanes An-158 and the related to them equipment and their subsequent transfer under a leasing scheme to the Cuban company Aviaimport S.A. The press report states that the Russian content in An-158 is expected to reach as minimum of 60%.

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

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

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