ANNOUNCEMENT 01 Jul 2016In July 2016, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Decree No. 1407-p of 1 July 2016 allocated state subsidies to 19 top administrative units of the Russian Federation for development of regional cattle breeding programmes.
The subsidies are at the amount of 1.53 billion RUB (approximately 23.6 million USD). The state funds are allocated as part of the state programme for agricultural development and regulation of the markets of agricultural products, raw materials and food in 2013-2020.
Neither this document nor the state programme for agricultural development and regulation of the markets of agricultural products, raw materials and food in 2013-2020 contain information that helps identify the affected HS codes. Therefore, HS codes for common farm animals and animal products in Russia have been indicated.
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.