AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Through Sberbank, the credit line will finance Russian companies' purchase of machinery including construction machinery, equipment and services from Japanese exporters. Hs codes selected below are assumably covered by this measure, however, the list of products may vary and include a greater scope than represented below.
In this context, JBIC stated: "Under these circumstances, Japanese firms view Russia as a promising destination for business development and this export credit line is expected to boost exports from Japan, thereby serving to strengthen bilateral economic ties between Japan and Russia."
Export credit lines
JBIC provides direct loans to overseas importers or export credit lines to foreign banks. Loans or credit lines are obtained if it finances the purchase of Japanese machinery, equipment or technology in specific eligible sectors. The Bank hereto stated that these loans are intended to “positively contribute to Japanese companies”. Further information can be found on the Bank’s website under export loans.
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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