ANNOUNCEMENT 15 Feb 2016In February 2016, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
With Resolution No. 224-p of 15 February 2016 the Russian Government distributed subsidies for construction and re-construction of beef cattle units in 2016.
This state measure forms part of the State Programme for Development of Agriculture and Regulation of the Markets of Agricultural Products, Raw Materials and Food for 2013-2020 ('the programme').Resolution No. 224-p allocates 5.5 billion Russian Roubles (ca. 72.14 million USD). The subsidies under Resolution No. 224-p, are to co-finance the expenditure of 51 subjects (top administrative units) of the Russian Federation, related to reimbursement of interest on investment credits, related to the construction and re-construction of beef cattle units. The end beneficiaries are not disclosed.
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.