ANNOUNCEMENT 17 Dec 2015In December 2015, the government of the Russian Federation announced a change in production support.
NUMBER OF INTERVENTIONS
17 2015 2594-
On 17 December 2015 the Russian Government approved Decree No. 2594 as part of its "anti-crisis plan" to help to local grain sector. It has allocated from the state budget 1.5 billion Russian Roubles (approximately 21.11 million USD) for procurement and commodity interventions on the local agricultural market, and collateral operations. The purpose of this state intervention is to help balance the local grain market, which is a traditional sector for state interventions (see, e.g., related GTA measure with ID 8974).
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.