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: 27 Nov 2014 | Removal date: open ended
Still in force

Instrument unclear

With Decree №1257 of 27 November 2014, subsidies that shall promote import substitution were approved as part of the state program "Development of industry and enhancement of its competitiveness”.

The subsidy is to be given for the creation of modern serial production of lathe machines in order to meet the demand on the local market. The measure aims to reduce the dependence of Russian strategic organisations, belonging to the engineering and military-industrial complexes, from the supply of foreign technological and engineering production.
In order to finance this goal, a total of 5.5 billion RUB (approx. 103 million USD) are reserved from the 2014-2016 federal budget.


The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

442 Machine-tools & parts
8458 Lathes (including turning centres) for removing metal.
845811 Numerically controlled
845819 Other
845891 Numerically controlled
845899 Other

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