ANNOUNCEMENT 23 Jan 2016

In January 2016, the government of the Russian Federation announced a change to private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 23 Jan 2016 | Removal date: open ended
Still in force

Interest payment subsidy

On 23 January 2016 the Russian Government approved the state programme for support of the local automobile industry for 2016 (Resolution No. 71).
The total amount of the federal subsidies is at the amount of 88.59 billion RUB (ca. 1.26 billion USD). Among the main measures the state programme includes are:

  • State subsidies to the automotive industry as part of partial compensation of interest payments on investment credits, of costs related to energy-intensive resources, and ofwarranty obligations;
  • Subsidised acquisition of trolley and tram wagons;
  • Beneficial conditions for leasing of wheeled vehicles;
  • Provision of concessional loans.

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