ANNOUNCEMENT 25 Dec 2015In December 2015, the government of the Russian Federation announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
According to an official press report of 25 December 2015, the Russian Agency for Export Credit and Investment Insurance (EXIAR) has insured Eximbank of Russia's loan agreement with "Metrowagonmash" at the amount of 4 billion RUB (55 million USD). The purpose of the loan is to provide "Metrowagonmash" with working capital to execute an export contract for reconstruction of metro cars for BKV Zrt (Hungary).
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.