ANNOUNCEMENT 30 Mar 2009

In March 2009, 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 # 262 from 30 March 2009 - http://www.rg.ru/2009/06/02/avto-subsidii-dok.html


Inception date: 02 Jun 2009 | Removal date: open ended
Still in force

Interest payment subsidy

Russian Prime Minister Vladimir Putin signed a ruling (the Government Decree # 262 from 30 March 2009) to provide subsidies to the domestic car industry. These subsidies are to reimburse some interest rates expenses on loans taken out in 2008-2009 for technology upgrading. The Government pays 2/3 of the interest due.

AFFECTED SECTORS