ANNOUNCED AS TEMPORARYYes
Public procurement localisation
The state intervention is to take place as a capital increase of "State Transport Leasing Company" ("STLC"). It is at the amount of 5,000,000,000 Russian Roubles (approximately 77,477,938 USD). These state funds are to be allocated from the 2016 state budget.
The purpose of the allocated state funds is for STLC to purchase Sukhoi Superjet-100 and Let L-410 aeroplanes and to subsequently lease them. By construction, foreign aeroplane suppliers cannot gain from these contracts. The official explanatory note that accompanies Decree No. 2493-p states that the targeted beneficiaries under these leasing contracts are the Russian aeroplane companies.
Decree No. 2493-p is related to Decree No. 2045-p of 14 October 2015. Under the contractual terms of the latter, "State transport leasing company" had a fixed contract with Sukhoi Company for the supplies of 38 Sukhoi Superjet-100 with an option for the acquisition of additional 28 Sukhoi Superjet-100.
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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