ANNOUNCED AS TEMPORARYNo
According to the Ministerial Decree No. 3461 dated 28th of September, 2016, state subsidies were granted to 66 Russian credit organisations in the total amount of 1.41 billion RUB (22.1 million USD).
The subsidies were granted to compensate the decrease in income by Russian credit organisations associated with the loan issuance to private persons for the purchase of cars. The subsidies were granted under the framework depicted by the Resolution of the Government of the Russian Federation of April 16, 2015 No. 364.
Government subsidies to Russian credit organisations provided for the purchase of Russian cars help to stabilise the production and sales of automobiles, preserve jobs and employment of workers in the automotive industry and related industries.
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