IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 18 Dec 2017 | Removal date: open ended

Capital injection and equity stakes (including bailouts)

On 18 December 2017, the Russian Ministry of Industry and Trade disbursed 1.8 billion (USD 30.7m) rubles in a subsidy to United Engine Corporation for R&D into the PD35 aircraft engine prototype. 

The subsidy was formalized with the Russian Government (Agency for the Management of State Property) buying shares in the United Engine Corporation, with a condition that the funds will be allocated to the PD35 engine project. 

PD35 engine is set to be fully built by 2023-25 and power the CR929 wide-body aircraft, also currently developed by the Sino-Russian China-Russia Commercial Aircraft International Corporation (CRAIC), a joint venture between Comac and United Aircraft Corporation. 

AFFECTED COUNTRIES

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