ANNOUNCEMENT 10 May 2016In May 2016, the government of the Russian Federation announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
Resolution No. 865-p of 10 May 2016 allocated a state subsidy at the amount of 13 billion RUB (196.4 million USD). Its purpose is to support the local manufacturing of high-tech production.
This state subsidy is allocated as part of point 36 of the Russian Government's Action Plan aimed at ensuring sustainable socio-economic development of the Russian Federation in 2016 (Document 1349-13 of 1 March 2016). Point 36 states that the subsidies will be allocated as part of the financing of 10 export contracts that are worth 110 billion RUB, including:
A planned workflow for this state intervention: