ANNOUNCEMENT 14 Apr 2016

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

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE




http://government.ru/docs/22752/

14 2016 304
http://governNANA<span class=


Inception date: 14 Apr 2016 | Removal date: open ended
Still in force

Instrument unclear

On 14 April 2016 the Russian Government (according to Decree 304) approved allocation from the federal budget to enterprises with strategic importance for the country.

The budget allocation is at the amount of 2.2 billion RUB (ca. 33.45 million USD). A list with concrete beneficiaries is not provided. The legal basis for this state measure is Decree No. 214 of 12 March 2015. It approved the rules for partial reimbursements related to working capita or financing of the current production activites of the beneficiaries, which are enterprises of strategic importance in the country.

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 PRODUCTS

 
N/A