IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 16 Jul 2016 | Removal date: open ended
Still in force

Instrument unclear

With Decree No. 677 of 16 July 2016, the Russian Government approved federal budget subsidies at the amount of 3 billion RUB (47.49 million USD as per the official RUB/USD exchange rate for 16 July 2016) with transport machine building enterprises as end beneficiaries.
 
According to Decree No. 677, the end beneficiaries are to receive later in 2016 the state subsidies from Minpromtorg (the Ministry of Industry and Trade of the Russian Federation). Decree No. 677 also foresees concrete quantitative positive results of the federal subsidies: merchandising of 20 thousand freight railway wagons, provision of additional capacity utilisation to the subsidised enterprises, and preservation of jobs not only in the transport machine building industry, but also in the related industries.
 
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

495 Railway & tramway locomotives & rolling stock; parts
8606 Railway or tramway goods vans and wagons, not selfpropelled.
860610 Tank wagons and the like
860630 Selfdischarging vans and wagons, other than those of subheading 8606.10
860692 Open, with nonremovable sides of a height exceeding 60 cm
860699 Other

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