IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 07 Jun 2013 | Removal date: open ended
Still in force

Financial assistance in foreign market

The overseas investment loan agreement between JBIC and Sberbank of Russia has a maximum value of USD 36 million. The loan finances the Limited Liability Company "Izhora Transformers" construction and sales of certain transformers utilised for power systems. The company is a joint venture company established by the Japanese company Toshiba Corporation and Russian Open Joint Stock Company "Power Machines"—ZTL, LMZ, Electrosila, Energomachexport. The transformers produced are expected to be sold on the Russian market and in the CIS region in general.

In this context, the Bank stated: "This loan will support Toshiba's business expansion in Russia, and thereby contribute to maintaining and improving the international competitiveness of the Japanese power machinery and equipment industry."

JBIC signed a similar loan agreement on 3 September 2012 with Limited Liability Company "Izhora Transformers". This loan also finances the above project. The loan had a total volume of EUR 28 million (USD 35.24 million).

Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank’s website under overseas investment 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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

461 Electric motors, generators & transformers; parts
8504 Electrical transformers, static converters (for example, rectifiers) and inductors.
850421 Having a power handling capacity not exceeding 650 kVA
850422 Having a power handling capacity exceeding 650 kVA but not exceeding 10,000 kVA
850423 Having a power handling capacity exceeding 10,000 kVA
850431 Having a power handling capacity not exceeding 1 kVA
850432 Having a power handling capacity exceeding 1 kVA but not exceeding 16 kVA
850433 Having a power handling capacity exceeding 16 kVA but not exceeding 500 kVA
850434 Having a power handling capacity exceeding 500 kVA
850450 Other inductors

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