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: 23 May 2014 | Removal date: open ended
Still in force

Loan guarantee

On May 23, 2014, the Ministry of Agriculture approved with Order N 166 the sectorial programme "Development of the flour milling industry of the Russian Federation for 2014--2016". The Programme plans to allocate total investments (self-financing by millers and guaranteed state loans) for the development of the flour milling industry in 2014--2016 at the amount of RUB 6.8 billion (approximately USD 200 million). The concrete state support measures include:

  • Reimbursement of costs related to short-term loans for the purchase of Russian agricultural raw materials for primary and industrial processing; 
  • Interest rate subsidies related to investment loans for construction, reconstruction and modernisation of existing enterprises, received by enterprises in the milling industry from Russian credit organisations; 
  • Subsidisation of regional programs for temporary storage and processing of grain.

The goals of the programme with effects for international trade are: to increase the domestic production of flour and cereals; to diversify and improve the product quality in this industry, to enhance the import-substitution and to stimulate the exports of flours and cereals.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

011 Cereals
1001 Wheat and meslin.
100119 Other
100199 Other
1003 Barley.
100390 Other
231 Grain mill products
1101 Wheat or meslin flour.
110100 Wheat or meslin flour.

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