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: 14 Mar 2015 | Removal date: 12 Jan 2016
Still in force

Interest payment subsidy

On 14 March 2015 was signed Order Nr. 435. Its purpose is to allocate from the state budget subsidies at the total amount of 1 425 000 000 RUB (ca. 22 928 510 USD) to selected subjects of the Russian Federation (the constituent entities or the top-level political divisions according to the Constitution of Russia).

The concrete purpose of the budget allocation is to co-finance the expenditures of selected subjects of the Russian Federation with regard to the financial grants they allocate for the support of animal farms.
 
This state measure is in line with the 2012 statement of the President of the Russian Federation, Mr Vladimir Putin, that the interests of the economic sectors, agriculture included, that meet the most intensive competition from abroad after the WTO accession, will be considered.
 
Furthermore, in the Annual Presidential Address to the Federal Assembly held on 12 December 2013, Mr. Putin declared: "Companies, registered in foreign jurisdictions, must not benefit from state support, including from Vnesheconombank and state guarantees. Their access to contracts for state orders and for contracts with structures with state participation must be eliminated". In conclusion, although the end beneficiaries of the allocated subsidies to the subjects of the Russian Federation cannot be directly identified, it can be expected that they will be Russian.
 
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

021 Live animals
0101 Live horses, asses, mules and hinnies.
010121 Purebred breeding animals
010129 Other
0102 Live bovine animals.
010221 Purebred breeding animals
010229 Other
0103 Live swine.
010310 Purebred breeding animals
0105 Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls.
010511 Fowls of the species Gallus domesticus
010512 Turkeys
010513 Ducks
0106 Other live animals.
010649 Other
010690 Other

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