IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

State loan

The government of Russia specified the sectors eligible for a new industrial policy vehicle in early 2016.
On 3 March 2016 the Advisory Council of the Fund for Industrial Development (FID) adopted a new program "Projects for development" for support of selected manufacturing sectors of the Russian economy. The eligible sectors are:

  • Manufacturing of textiles
  • Manufacturing of clothes
  • Manufacturing of leather and leather products
  • Manufacturing of wood and manufacture of products of wood and cork, except or articles of straw and plaiting materials
  • Manufacturing of paper and paper products
  • Manufacturing of chemicals and chemical products
  • Production of medicines and materials used for medical purposes
  • Manufacturing of rubber and plastic products
  • Manufacturing of other non-metallic mineral products
  • Manufacturing of metallurgical products
  • Manufacturing of fabricated metal products, except machinery and equipment
  • Manufacturing of computer, electronic and optical products
  • Manufacturing of electrical equipment
  • Manufacturing of machinery and equipment not included into other groups
  • Manufacturing of motor vehicles, trailers and semi-trailers
  • Manufacturing of other transport equipment
  • Manufacturing of furniture
  • Production of other finished products
  • Repair works and installation of machinery and equipment.

Under the new programme, FID provides credits for co-financing of project costs. The credits' amount is between 50 and 300 million RUB (ca. between 0.71 and 43 million USD).
The purpose of this state initiative is to create conditions for the manufacturing of competitive, import-substituting hi-tech produts.
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.
 

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