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: 24 Jan 2014 | Removal date: open ended
Still in force

Interest payment subsidy

With Decree 42/21.1.2014 the Russian government approved state subsidies to the Russian rare earth industry with a total amount of RUB 735.2 million (US$ 21 million) for the period 2014-2016.
 
According to the official document, the state support recipients are entitled to credit interest rates reimbursements. The purpose of the state support is to increase the competitiveness of the local rare earth miners and to meet the rare earth demand of the Russian defence industry.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

161 Chemical & fertilizer minerals
2530 Mineral substances not elsewhere specified or included.
253090 Other
163 Precious & semi-precious stones; natural abrasives; other minerals
2530 Mineral substances not elsewhere specified or included.
253010 Vermiculite, perlite and chlorites, unexpanded
342 Basic inorganic chemicals n.e.c.
2805 Alkali or alkalineearth metals; rareearth metals, scandium and yttrium, whether or not intermixed or interalloyed; mercury.
280511 Sodium
280512 Calcium
280530 Rareearth metals, scandium and yttrium, whether or not intermixed or interalloyed

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