ANNOUNCED AS TEMPORARYNo
On 13 May 2016 the Russian Government (according to Decree No. 405) approved the allocation of state subsidies for the acquisition of rail freight wagons.
The subsidies are at the amount of 7 billion USD (approximately 108 million USD). Their purpose is to partially compensate expenses related to the purchase by organisations of rail freight wagons. In the accompanying legal note to Decree No. 405 is stated that this subsidy will allow to be bought 23 000 rail freight wagons and will ensure additional capacity utilisation of the enterprises of transport engineering.
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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