IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

state trading enterprise

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 02 Oct 2009 | Removal date: open ended
Still in force

Bailout (capital injection or equity participation)

Russian Prime Minister Vladimir Putin has signed a ruling (Government Decree # 1386-p dated 28 September) to inject 4 billion rubles into the charter capital of state-owned shipyard Sevmashpredpriyatiye (Sevmash). The shipbuilding industry is said to be one of the strategic industries for the development until the year 2020 according to the "Long term concept of socio-economic development of the Russian Federation until 2020" (Government Decree from 17 November 2008 #1662-p). The company is said to need the funds to implement its financial bailout program and improve its operations.
The government has taken a series of measures this year to ensure Sevmash with orders and loans, Industry and Trade Minister Viktor Khristenko said at a meeting of the government's presidium. State-owned Vnesheconombank (VEB) also decided to grant a 5-year extension on a 6 billion ruble loan provided earlier to Sevmash, the minister added.
 The measures will allow Sevmash to increase production over 30% on the year to 9 billion rubles (200 million Euro) in 2009, Khristenko also said

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

493 Ships
8901 Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods.
890110 Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferryboats of all kinds
890120 Tankers
890130 Refrigerated vessels, other than those of subheading 8901.20
890190 Other vessels for the transport of goods and other vessels for the transport of both persons and goods
8902 Fishing vessels; factory ships and other vessels for processing or preserving fishery products.
890200 Fishing vessels; factory ships and other vessels for processing or preserving fishery products.
8904 Tugs and pusher craft.
890400 Tugs and pusher craft.
8905 Lightvessels, firefloats, dredgers, floating cranes and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms.
890510 Dredgers
890590 Other
8906 Other vessels, including warships and lifeboats other than rowing boats.
890690 Other
8907 Other floating structures (for example, rafts, tanks, coffer dams, landingstages, buoys and beacons).
890790 Other
494 Pleasure & sporting boats
8903 Yachts and other vessels for pleasure or sports; rowing boats and canoes.
890310 Inflatable
890391 Sailboats, with or without auxiliary motor
890392 Motorboats, other than outboard motorboats
890399 Other

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