ANNOUNCEMENT 06 Feb 2016

In February 2016, 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: 06 Feb 2016 | Removal date: 05 Jan 2017

Interest payment subsidy

On 6 February 2016 the Russian Government approved Order No. 172-p. It allocates subsidies in 2016 to 71 subjects of the Russian Federation (top-level administrative units as per the Russian Constitution.
 
The purpose of the subsidies (5.3 billion RUB, or ca. 68.53 million USD) is to co-finance expenditures, associated with partial reimbursement of interest on investment loans for construction and reconstruction of facilities for dairy cattle. Concrete lists with end beneficiaries are not disclosed.
 
The order is part of the State Programme for Development of Agriculture andRegulation of the Markets of Agricultural Products, Raw Materials andFood for 2013-2020, which has been used for the identification of thepotentially affected tariff lines.
 
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 SECTORS