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: 18 Aug 2015 | Removal date: open ended
Still in force

Interest payment subsidy

On 18 August 2015 the Russian Government approved Order No. 1586. Its purpose is to allocate a state subsidy to the budgets of the constituent entities of the Russian Federation for co-financing the reimbursement of interest on short-term credits (loans) related to agriculture. The allocated state subsidy by Order No. 1586-p amounts to 7 066 300 000 Russian Roubles (approximately 101 966 811 USD).


This measure is part of the state programme titled 'Development of agriculture and regulation of markets of agricultural products, raw materials and food in the period 2013 - 2020' and sub-programme 'Development of wholesale distribution centers and infrastructure of the system of the social nutrition'. The goods specifically mentioned in this sub-programme are cereals and sugar. Therefore, they were used to identify the affected trading partners. although in the title of Order No. 1586-p the animal breeding sector is also mentioned.
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

011 Cereals
1001 Wheat and meslin.
100119 Other
100199 Other
1003 Barley.
100390 Other
1005 Maize (corn).
100590 Other
1008 Buckwheat, millet and canary seeds; other cereals.
100810 Buckwheat
100890 Other cereals
231 Grain mill products
1006 Rice.
100620 Husked (brown) rice
100630 Semimilled or wholly milled rice, whether or not polished or glazed
100640 Broken rice
235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170114 Other cane sugar
170199 Other

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