IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 20 Feb 2010 | Removal date: open ended
Still in force

Export subsidy

The Government decree from 20 February 2010 # 68 provides an export subsidy of 5 billion roubles ($163.7 million) to the United Grain Company (UGC).
This will allow the government to sell about 2.5 to 3 million tonnes of excess grain via the UGC state-run trader. The government has halted grain intervention purchases because of strong demand from private sector buyers. It has purchased 1,775,250 tonnes of wheat thus far in 2009-10.
The subsidy covers the difference between the prices UGC paid for the wheat at the end of 2008 and 2009. The U.S. wheat futures are 14 percent below where they were at this time last year, and about 22 percent lower than where they were at the end of 2008.
According to the UN Comtrade database, in the year prior to the measure no country imported goods classified under HS code 1007 from Russia with a trade value over the GTA threshold of USD 1 million.

 

AFFECTED COUNTRIES

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