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: 09 Jul 2016 | Removal date: open ended
Still in force

Interest payment subsidy

On 9 July 2016 the Russian Government approved Resolution 1464-p. Its purpose is to co-finance in 2016 liabilities of 78 subnational jurisdictions with respect to to the interest rate on short, medium and long-term loans taken by small businesses from Russian banks and credit cooperations.

The state aid is at the amount of 2.3 billion RUB (approximately 35.69 million USD as per the current official exchange rate). Resolution 1464-p was issued within the framework of the State program for agricultural development and regulation of agricultural products, raw materials and foods for the period 2013--2020. Although not written in the text of the legal act, this state intervention should form part of its sub-programme No. 4. 'Support of small farms', and the credit financing measures classified under No. 4.1 'State support for crediting of small farms". Their purpose is to increase the number of family farms, to stimulate the creation of jobs, to ensure the growth of the cattle herd, and to increase the production of livestock goods, including milk and bovine animals. The GTA used the latter information in order to identify the affected HS codes.

Resolution 1464-p abolishes also Resolution 260 of 20 February 2016 (see the related GTA report No. 12224 for more information).

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
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AFFECTED SECTORS AND PRODUCTS

021 Live animals
0102 Live bovine animals.
010221 Purebred breeding animals
010229 Other
211 Meat & meat products
0201 Meat of bovine animals, fresh or chilled.
020110 Carcasses and halfcarcasses
020120 Other cuts with bone in
020130 Boneless
0202 Meat of bovine animals, frozen.
020210 Carcasses and halfcarcasses
020220 Other cuts with bone in
020230 Boneless
221 Processed liquid milk, cream & whey
0401 Milk and cream, not concentrated nor containing added sugar or other sweetening matter.
040110 Of a fat content, by weight, not exceeding 1 %
040120 Of a fat content, by weight, exceeding 1 % but not exceeding 6 %
040140 Of a fat content, by weight, exceeding 6 % but not exceeding 10 %
040150 Of a fat content, by weight, exceeding 10 %

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