ANNOUNCEMENT 22 Feb 2016In February 2016, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
On 22 February 2016 the Russian Government (according to Resolution No. 280-p) approved an allocation of federal budget subsidies to 84 subjects of the Russian Federation (top-level administrative units as per the Russian Constitution).
The purpose of the subsidies (1.37 billion RUB, or ca. 17.76 million USD) is to co-finance expenditures, associated with partial reimbursement of interest on short-term loans for development of the dairy cattle. Concrete lists with end beneficiaries are not disclosed.
The order is part of the State Programme for Development of Agriculture and Regulation of the Markets of Agricultural Products, Raw Materials and Food for 2013-2020, which has been used for the identification of the potentially 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.