ANNOUNCEMENT 25 Dec 2015

In December 2015, the government of the Russian Federation announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 25 Dec 2015 | Removal date: open ended
Still in force

Trade finance

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.
 

AFFECTED SECTORS