IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Apr 2015 | Removal date: open ended
Still in force

Trade finance

On 22 April 2015, during the 13th meeting of the Russian-Cuban Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation, the Russian Agency for Export Credit and Investment Insurance (EXIAR) signedagreements for provision of insurance coverage on loans provided by Russian banks to a number of Cuban banks, including Banco Exterior de Cuba, Banco Nacional de Cuba and Banco Internacional De Comercio S.A., within set limits.
Banco Exterior de Cuba, Banco Nacional de Cuba and Banco Internacional De Comercio S.A. received credit limits at the amount of EUR 36 million, EUR 11 million and EUR 56 million, respectively. Insurance coverage is provided by EXIAR for export transactions with maturity of up to three years, with up to 100% coverage. In the provided EXIAR press report is stated that this state measure 'will enable trade finance to be raised from Russian banks for Cuban projects involving the purchase of Russian products on preferential terms.'
The fact that in the past EXIAR has provided trade finance coverage for supplies to Cuba of electrical engineering equipment, machinery, track equipment, automobiles, auto parts, machine tools, and hi-tech equipment has been used in identifying the affected tariff lines
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

429 Other fabricated metal products
7323 Table, kitchen or other household articles and parts thereof, of iron or steel; iron or steel wool; pot scourers and scouring or polishing pads, gloves and the like, of iron or steel.
732393 Of stainless steel
732394 Of iron (other than cast iron) or steel, enamelled
732399 Other
431 Engines & turbines & parts
8407 Sparkignition reciprocating or rotary internal combustion piston engines.
840710 Aircraft engines
840721 Outboard motors
840734 Of a cylinder capacity exceeding 1,000 cc
840790 Other engines
8408 Compressionignition internal combustion piston engines (diesel or semidiesel engines).
840810 Marine propulsion engines
840820 Engines of a kind used for the propulsion of vehicles of Chapter 87
840890 Other engines
8409 Parts suitable for use solely or principally with the engines of heading 84.07 or 84.08.
840910 For aircraft engines
840991 Suitable for use solely or principally with sparkignition internal combustion piston engines
840999 Other
8411 Turbojets, turbopropellers and other gas turbines.
841112 Of a thrust exceeding 25 kN
841121 Of a power not exceeding 1,100 kW
841122 Of a power exceeding 1,100 kW
841181 Of a power not exceeding 5,000 kW
841182 Of a power exceeding 5,000 kW
841191 Of turbojets or turbopropellers
841199 Other
432 Pumps, compressors, hydraulic & pneumatic power engines; parts
8413 Pumps for liquids, whether or not fitted with a measuring device; liquid elevators.
841311 Pumps for dispensing fuel or lubricants, of the type used in fillingstations or in garages
841319 Other
841330 Fuel, lubricating or cooling medium pumps for internal combustion piston engines
841350 Other reciprocating positive displacement pumps
841360 Other rotary positive displacement pumps
841370 Other centrifugal pumps
841381 Pumps
841382 Liquid elevators
841391 Of pumps
841392 Of liquid elevators
8414 Air or vacuum pumps, air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters.
841410 Vacuum pumps
841430 Compressors of a kind used in refrigerating equipment
841440 Air compressors mounted on a wheeled chassis for towing
841480 Other
841490 Parts
8481 Taps, cocks, valves and similar appliances for pipes, boiler shells, tanks, vats or the like, including pressurereducing valves and thermostatically controlled valves.
848110 Pressurereducing valves
848120 Valves for oleohydraulic or pneumatic transmissions
848130 Check (nonreturn) valves
848140 Safety or relief valves
848180 Other appliances
848190 Parts
433 Bearings, gears, gearing & driving elements; parts
8483 Transmission shafts (including cam shafts and crank shafts) and cranks; bearing housings and plain shaft bearings; gears and gearing; ball or roller screws; gear boxes and other speed changers, including torque converters; flywheels and pulleys, including
848310 Transmission shafts (including cam shafts and crank shafts) and cranks
848330 Bearing housings, not incorporating ball or roller bearings; plain shaft bearings
848340 Gears and gearing, other than toothed wheels, chain sprockets and other transmission elements presented separately; ball or roller screws; gear boxes and other speed changers, including torque converters
848350 Flywheels and pulleys, including pulley blocks
848360 Clutches and shaft couplings (including universal joints)
848390 Toothed wheels, chain sprockets and other transmission elements presented separately; parts
435 Lifting & handling equipment & parts
8428 Other lifting, handling, loading or unloading machinery (for example, lifts, escalators, conveyors, teleferics).
842810 Lifts and skip hoists
842833 Other, belt type
842839 Other
842890 Other machinery
439 Other general-purpose machinery & parts
8414 Air or vacuum pumps, air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters.
841459 Other
441 Agricultural or forestry machinery & parts
8701 Tractors (other than tractors of heading 87.09).
870110 Pedestrian controlled tractors
870130 Tracklaying tractors
870190 Other
444 Machinery for mining, quarrying & construction; parts
8428 Other lifting, handling, loading or unloading machinery (for example, lifts, escalators, conveyors, teleferics).
842831 Specially designed for underground use
8429 Selfpropelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, shovel loaders, tamping machines and road rollers.
842911 Track laying
842920 Graders and levellers
842940 Tamping machines and road rollers
842951 Frontend shovel loaders
842952 Machinery with a 360? revolving superstructure
842959 Other
8474 Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading earth, stone, ores or other mineral substances, in solid (including powder or paste) form; machinery for agglomerating, shaping or moulding solid mineral fuels,
847410 Sorting, screening, separating or washing machines
847420 Crushing or grinding machines
847431 Concrete or mortar mixers
847439 Other
847480 Other machinery
847490 Parts
448 Domestic appliances & parts
8414 Air or vacuum pumps, air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters.
841460 Hoods having a maximum horizontal side not exceeding 120 cm
461 Electric motors, generators & transformers; parts
8501 Electric motors and generators (excluding generating sets).
850110 Motors of an output not exceeding 37.5 W
850131 Of an output not exceeding 750 W
850132 Of an output exceeding 750 W but not exceeding 75 kW
850134 Of an output exceeding 375 kW
850140 Other AC motors, singlephase
850151 Of an output not exceeding 750 W
850152 Of an output exceeding 750 W but not exceeding 75 kW
850153 Of an output exceeding 75 kW
850161 Of an output not exceeding 75 kVA
850162 Of an output exceeding 75 kVA but not exceeding 375 kVA
850164 Of an output exceeding 750 kVA
8503 Parts suitable for use solely or principally with the machines of heading 85.01 or 85.02.
850300 Parts suitable for use solely or principally with the machines of heading 85.01 or 85.02.
469 Other electrical equipment & parts
8511 Electrical ignition or starting equipment of a kind used for sparkignition or compressionignition internal combustion engines (for example, ignition magnetos, magnetodynamos, ignition coils, sparking plugs and glow plugs, starter motors); generators (f
851110 Sparking plugs
851130 Distributors; ignition coils
851140 Starter motors and dual purpose startergenerators
851150 Other generators
851180 Other equipment
851190 Parts
482 Instruments & control equipment, except optical instruments
9032 Automatic regulating or controlling instruments and apparatus.
903210 Thermostats
903220 Manostats
903281 Hydraulic or pneumatic
903289 Other
903290 Parts and accessories
491 Motor vehicles, trailers & semi-trailers; parts
8701 Tractors (other than tractors of heading 87.09).
870120 Road tractors for semitrailers
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870810 Bumpers and parts thereof
870830 Brakes and servobrakes; parts thereof
870840 Gear boxes and parts thereof
870850 Driveaxles with differential, whether or not provided with other transmission components, and nondriving axles; parts thereof
870870 Road wheels and parts and accessories thereof
870880 Suspension systems and parts thereof (including shock absorbers)
870891 Radiators and parts thereof
870892 Silencers (mufflers) and exhaust pipes; parts thereof
870893 Clutches and parts thereof
870894 Steering wheels, steering columns and steering boxes; parts thereof
870899 Other
492 Motor vehicle bodies; trailers & parts thereof
8707 Bodies (including cabs), for the motor vehicles of headings 87.01 to 87.05.
870790 Other
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870829 Other
495 Railway & tramway locomotives & rolling stock; parts
8603 Selfpropelled railway or tramway coaches, vans and trucks, other than those of heading 86.04.
860310 Powered from an external source of electricity
860390 Other
8606 Railway or tramway goods vans and wagons, not selfpropelled.
860610 Tank wagons and the like
860630 Selfdischarging vans and wagons, other than those of subheading 8606.10
860691 Covered and closed
860692 Open, with nonremovable sides of a height exceeding 60 cm
860699 Other
8607 Parts of railway or tramway locomotives or rollingstock.
860711 Driving bogies and bisselbogies
860712 Other bogies and bisselbogies
860719 Other, including parts
860721 Air brakes and parts thereof
860729 Other
860730 Hooks and other coupling devices, buffers, and parts thereof
860791 Of locomotives
860799 Other

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