ANNOUNCEMENT 21 Dec 2012

In December 2012, the government of the Russian Federation announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 21 Dec 2012 | Removal date: open ended

Trade finance

An official press report of Eximbank of Russia dated 21 December 2012 has announced that it has signed a credit contract with the Panama-based company "SAAL" worth 75 million USD. The purpose of the financing scheme with participation of the Russian state is to ensure the acquisition of three Russian airplanes -158 under leasing contracts by the Cuban company Aviaimport S.A.
 
The most recent data that UN Comtrade provides on the exports to Cuba concerning this HS code is from 2006. The exporters are: Russia and France. Since Russia is the implementing jurisdiction of this measure, the GTA has indicated only France as affected trading partner.
 

AFFECTED SECTORS