ANNOUNCEMENT 12 Dec 2015In December 2015, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
On 12 December 2015 the Russian Government approved Resolution No. 2557. It has authorised the allocation of a state guarantee at the amount of 9.46 billion Russian Roubles (approximately 133.29 million USD) to UTair Aviation company. Its purpose is to secure the fulfilment of a syndicated loan taken by the company at the amount of 18.93 billion Russian Roubles (approximately 266.58 million USD) and maturity of 7 years.
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.