ANNOUNCEMENT 27 Nov 2014

In November 2014, the government of the Russian Federation announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 27 Nov 2014 | Removal date: open ended

Instrument unclear

On 27 November 2014 the Government of Sevastopol approved Decree No. 511. It introduced a regional programme for development of the agricultural and processing industries in Sevastopol for the period 2015--2020. The GTA relevant sub-programmes are: 

  • "Development of the agriculture and processing industries in the period 2015--2020" with a total financing at the amount of 4.24 billion Russian Roubles (approximately 86 million USD)

As subsidised products are mentioned: vines, crops, fruit, vegetables (explicitly mentioned potatoes).

  • "Development of the livestock industry, processing and marketing of livestock products" with a total financing at the amount of 5.64 billion Russian Roubles (approximately 114 million USD).

As subsidised products are mentioned: milk, butter, livestock and poultry.
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.