ANNOUNCED AS TEMPORARYNo
Interest payment subsidy
According to the Ministerial Decree No. 4263 dated 25th of December, 2015, state subsidies were granted to 1 Russian manufacturer of wheeled vehicles in the total amount of 1 billion RUB (14.2 million USD).
The subsidies were granted to compensate the losses of Russian manufacturers of vehicles associated with (1) payments on coupon income on bonds issued for investment spending; (2) with interest payments on loans that are covered by the state guarantees of the Russian Federation and/or used for the investment and innovation project implementation; (3) with payments on coupon income on bonds issued for the objectives of refinancing and/or the acquisition of rights of claims on loans.
The subsidies were granted under the framework depicted by the Resolution of the Government of the Russian Federation No. 1383 dated December 19, 2015, and by the Decree of the Ministry of Industry and Trade No. 4212 dated December 22, 2015.
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