IMPLEMENTATION LEVEL

National

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: 08 Jan 2010 | Removal date: open ended
Still in force

Bailout (capital injection or equity participation)

Russian Prime Minister Vladimir Putin signed a ruling (the Government Decree # 2080-p from 25 December 2009) effective from 8 January 2010 to inject 28 billion rubles (933 million Euros) into the charter capital of State Corporation "Russian Technologies" (http://www.rostechn.ru/en/) with the purpose to provide financial support in the form of non-interest loan to the Russian car industry producer "AutoVaz" (http://www.lada-auto.ru/). The share of "Russian Technologies" in the charter capital of AutoVaz will be increased. The subsidy is given to cover the AutoVaz's credit debts.

The industry is one of the strategic for the development until the year 2020 according to the "Long term concept of socio-economic development of the Russian Federation until 2020" (Government Decree from 17 November 2008 #1662-p). The company requires the funds to implement its financial bailout program and improve its operations.
At the beginning of May 2010, AutoVaz got this money on its bank account. 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870310 Vehicles specially designed for travelling on snow; golf cars and similar vehicles
870321 Of a cylinder capacity not exceeding 1,000 cc
870322 Of a cylinder capacity exceeding 1,000 cc but not exceeding 1,500 cc
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc
870324 Of a cylinder capacity exceeding 3,000 cc
870332 Of a cylinder capacity exceeding 1,500 cc but not exceeding 2,500 cc
870333 Of a cylinder capacity exceeding 2,500 cc

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