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: 23 Jun 2014 | Removal date: 31 Dec 2018
Still in force

Loan guarantee

On 23 June 2014, with Decree No. 1122-r, the Government of the Russian Federation approved the issuance of credit guarantee for companies from the defence industry.


In total, the government issued 12 state guarantees to 11 organisations with an aggregate amount of 42.63 billion rubles (1.25 billion USD as of 23 June 2014).

The deadline for the repayment of the loans, and therefore, for state guarantees for all entities under this Government Order is 31 of December 2018.

This state intervention forms part of Russia's the implementing measures under the framework of the State Armament Programme for 2011-2020. According to Decree No. 1122-r, this state measure will expand the capacity of the beneficiaries to attract non-budgetary sources of funding and to 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.

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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