IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

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: 25 Dec 2017 | Removal date: open ended
Still in force

Capital injection and equity stakes (including bailouts)

On 25 December 2017, the Russian Government signed an agreement with government-controlled United Aircraft Corporation to transfer 9.6 billion rubles (USD 166m) towards the design of the new version of IL-114 airplane.

The transfer was formalized with the Russian government (Federal Agency for Managing State Property) buying equity in the United Aircraft Corporation, but the agreement specified the funds can only be used towards the design and test production of IL-114 planes. 

Although sold abroad, IL-114s target primarily the domestic market. Most of the IL-114s to be produced are expected to be purchased by the Air Force and the Navy, to replace the aging fleet of Ukraine-made Antonov planes.

The budgeted amount for the year 2018 is 6.3 billion rubles (USD 109m), as per the roadmap of the State Program implementation. 

The measure is in the framework of the State Program for the Development of Aircraft Manufacturing in 2013-2015, subprogram 1 on Aeroplane Manufacturing.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

496 Aircraft & spacecraft; parts
8802 Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
880230 Aeroplanes and other aircraft, of an unladen weight exceeding 2,000 kg but not exceeding 15,000 kg

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