IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 15 Feb 2016 | Removal date: open ended
Still in force

Import-related non-tariff measure, nes

On 15 February 2016 the Russian Government formally excluded foreign firms from various means of state support (Federal Law No. 23-FZ of 15 February 2016).

The federal law imposes a ban on the provision to foreign legal entities, including offshore companies, of state (municipal) support in the form of subsidies, budget investments and state (municipal) guarantees. An exception to this general ban constitutes the provision of state guarantees of the Russian Federation in order to support the export of industrial products (goods, works, services).

The federal law also amends the Budgetary Code of the Russian Federation. It introduces the condition that agreements for provision of subsidies and budgetary investments signed with juridical persons (with the exception of state and municipal entities) must contain a ban foreign currency to be obtained based on the provided state support.

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

Please report this page in case you detect an inaccuracy in its content.