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: 01 Nov 2013 | Removal date: 31 Dec 2014
Still in force

Localisation incentive

Rossiyskaya Gazeta (an official newspaper of the Russian Government), Issue 6131 of 18 July 2013 has reported that in November 2013 the government will approve the rules for a federal subsidy whose purpose is to reimburse selected banks for car loans extended to physical persons during 2013-2014. The state support programme shall be in force for 18 months.
 
The price of a car whose purchase will be subsidised by the government must not exceed RUB 750,000. The issued bank loans must be with a maximum maturity of 36 months. The government grant will cover two thirds of the refinancing rate at the date of the issuance of the loan. "The subsidies to '...' banks will ease the borrowing costs for citizens and will reduce the interest rate to an average of 10-11 per cent," - says the analyst of "Avtostat" Sergei Udalov.
 
The list of locally-assembled car models eligible for the state programme for preferential car loans comprises: Chevrolet Niva, Chevrolet Cruze (not all configurations), Chevrolet Aveo, Chevrolet Cobalt, Citroen C4 (not all configurations), Daewoo Nexia, Daewoo Matiz, Ford Focus (not all configurations), Hyundai Solaris, KIA Rio, KIA CEE'd (not all configurations), LADA Granta, LADA Kalina, LADA Priora, LADA Largus, LADA 4x4, LADA Samara, Mazda3 (not all configurations), Mitsubishi Lancer (not all configurations), Nissan Note, Nissan Tiida (not all configurations), Opel Astra (not all configurations), Peugeot 408 (not all configurations), Renault Duster, Renault Logan, Renault Sandero, Skoda Octavia (not all configurations), Skoda Fabia, Toyota Corolla (not all configurations), Volkswagen Polo.
Also included in the list are all models of Bogdan, UAZ, ZAZ, and the models entering the Russian market in 2013: Nissan Almera, Citroen C-Elysee, Peugeot 301.

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
870390 Other

Please report this page in case you detect an inaccuracy in its content.