ANNOUNCEMENT 02 Nov 2015In November 2015, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
2 2015 2230-.
On 2 November 2015 the Russian Government approved Resolution No. 2230-. Its purpose is to enhance the development of the national nanotechnology policy. In this regard, with Resolution No. 2230- Open Joint Stock Company 'RUSNANO' has received a state guarantee at the amount of 11 billion Russian Roubles (approximately 170 million USD). The guarantee supports the company's repayment obligations concerning loans taken from Promsvyazbank.
OJSC RUSNANO commercialises advances in nanotechnology, helps promote Russian nanotechnology products on the world's markets and supports state policy for the development of the nanoindustry. RUSNANO Israel Ltd.and RUSNANO USA, Inc. represent the interests of RUSNANO Group and its portfolio companies in Israel, the United States and Canada. Therefore, these countries are indicated as directly affected trading partners.
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.