ANNOUNCED AS TEMPORARYYes
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.
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.
⚑ Please report this page in case you detect an inaccuracy in its content.