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: 09 Sep 2016 | Removal date: open ended
Still in force

Loan guarantee

On 9 September 2016 with Resolution No. 1887-p authorised the issuance of a state guarantee to the joint stock company Sozvezdie.

The state guarantee is at the amount of 1 billion RUB (15.59 million USD). Sozvezdie belongs to the Russian military-industrial complex. The state guarantee is to secure the obligations the company has to repay 100% of a loan it took in order to execute a state defence order. This measure forms part of the state armament programme for the period 2011--2020.

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

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