IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 19 Nov 2016 | Removal date: 31 Dec 2020
Still in force

Loan guarantee

The state funds are at the amount of 65.9 billion Russian Roubles (1.02 billion USD). In total, 35 state guarantees were issued to 23 organisations that belong to the Russia defense industry. The maturities of the state guarantees were not disclosed. 

This state measure has the goal of expanding the capacity of the beneficiaries to attract non-budgetary sources of funding and carry out state tasks related to the execution of the state defence orders where the federal funding is received in the form of deferred payments.

Legal background:

In the 2016 federal budget was foreseen the issuance of state guarantees at the amoun of 209 billion Russian Roubles. After the issuance of the state guarantees under the above-mentioned decree, Decree No. 1561 of 21 July 2016, No. 1723 of 16 August 2016 and No. 1887 of 9 September 2016, 0.2 billion Russian Roubles remain still unused in the 2016 state budget. 

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

447 Weapons & ammunition & parts

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