ANNOUNCEMENT 10 May 2010

In May 2010, the government of Russia announced a change to private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



the Government Decree from 10 May 2010 # 314. Available from < http://government.ru/gov/results/10571/ >


Inception date: 10 May 2010 | Removal date: open ended
Still in force

Interest payment subsidy

Russian Prime Minister Vladimir Putin signed a ruling (the Government Decree # 314 from 10 May 2010) to provide subsidies to car industry sector to reimburse some expenses in the form of interest rates in 2009-2010 for the loans received from the banks in 2008-2009 in the amount of 2.5billion rubles (55 million Euros).

AFFECTED SECTORS