IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

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: 25 Jan 2016 | Removal date: open ended
Still in force

State loan

An official press report of the state Eximbank of Russia dated 25 January 2016 contains information concerning the loan agreement it concluded with PhosAgro, a leading Russian phosphate-based fertilizer producer.
 
The loan is at the amount of 3 billion RUB (ca. 37.23 million USD as per the official USD/RUB for 25 January 2016). Its maturity is 18-months. Eximbank of Russiahas taken the decision to lend to PhosAgro as part of Russia's state programme to support high-tech production and exports.
 
The CEO of PhosAgro, Mr Andrey Guryev, said, 'This loan agreement will enable us to strengthen the flexibility of our sales and improve PhosAgro's competitive advantages in the global fertilizer market, as well as the turnover of our financing resources. We have reached an agreement on exceptionally attractive terms '...'.'
 
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

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AFFECTED SECTORS AND PRODUCTS

346 Fertilizers & pesticides
3101 Animal or vegetable fertilisers, whether or not mixed together or chemically treated; fertilisers produced by the mixing or chemical treatment of animal or vegetable products.
310100 Animal or vegetable fertilisers, whether or not mixed together or chemically treated; fertilisers produced by the mixing or chemical treatment of animal or vegetable products.
3104 Mineral or chemical fertilisers, potassic.
310420 Potassium chloride
310430 Potassium sulphate
3105 Mineral or chemical fertilisers containing two or three of the fertilising elements nitrogen, phosphorus and potassium; other fertilisers; goods of this Chapter in tablets or similar forms or in packages of a gross weight not exceeding 10 kg.
310510 Goods of this Chapter in tablets or similar forms or in packages of a gross weight not exceeding 10 kg
310520 Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium
310530 Diammonium hydrogenorthophosphate (diammonium phosphate)
310559 Other
310590 Other

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