ANNOUNCED AS TEMPORARYNo
Interest payment subsidy
On 28 July 2015 the Russian Government approved Decree No. 766. It introduced new economic activities for which state subsidies can be obtained for partial reimbursement of interest rates, related to:
The mentioned state support can be obtained in the future for economic activities in the following new areas:
In addition, Decree No. 766 introduces the rule that the state may subsidise loans for the development of beef cattle which are obtained earlier than 2013 and have a maximum maturity of 15 years. Previously (as per Decree No. 1460 of 28 December 2012), entrepreneurs who got credits before 2013 were not eligible for this particular state support scheme.
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.
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