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: 03 Apr 2015 | Removal date: 01 Jan 2016
Still in force

State aid, nes

On April 13, 2015 Russia approved Order 649-p. This Order allocates funds in the amount of 2.375 billion Russian Roubles (ca. 46 million USD) to 34 subjects of the Russian Federation (the highest administrative units according to the Russian Constitution).


In the Annual Presidential Address to the Federal Assembly held on 12 December 2013, the President of the Russian Federation, 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

211 Meat & meat products
0202 Meat of bovine animals, frozen.
020210 Carcasses and halfcarcasses
020220 Other cuts with bone in
020230 Boneless

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