AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Other export incentive
These three new priority projects are:
A key aim of this priority project is to create a sector-based system of support and promotion of agricultural exports and to ensure compliance of the Russian goods with the requirements of the regulatory authorities in the targeted overseas markets.
Duration of the project: November 2016--December 2020 (inclusive).
The implementation of this priority project will increase both the number of exporters of agricultural products and the volume of exports.
A key aim of this project is to create conditions for sustainable growth of the Russian industrial exports, primarily for products with high export potential such as goods of the automotive, aerospace, agricultural and railway engineering sectors.
Duration of the project: November 2016--May 2020 (inclusive).
Both (1) financial and (2) non-financial state support measures are foreseen. The financial state support measures will involve the subsidisation of interest rates on export credits, provision of guarantees that cover the outstanding value of aircraft products and pay-back guarantees with regard to self-propelled agricultural machinery. The non-financial state support measures will create and develop the distribution network and aftersale service with regard to the targeted sectors. It should be also noted that these measures of export support can be extended to other non-oil exporting sectors of the Russian economy.
A key objective of this project is the creation of (1) more favourable regulatory environment for exporters and (2) user-friendly financial and non-financial instruments for support of non-oil exports with emphasis on middle-sized firms.
Duration of the project: November 2016--December 2025 (inclusive).
This project will use state support provided by the state "Eximbank of Russia". In addition, a new lending programme for commercial banks that targets non-oil exports in priority sectors will be developed. Furthermore, exporters will receive additional support and subsidies for their exhibition activities, business missions creation and expansion of Russian industrial zones, trading houses abroad and consignment centres. On targeted foreign markets will be implemented also a programme with the purpose of raising the awareness for Russian brands and Russian products.
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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