ANNOUNCEMENT 01 Sep 2009

In September 2009, the government of Russia announced a change to private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Government Decree # 546 of 7 July 2009 - http://www.rg.ru/2009/09/01/lizign-dok.html


Inception date: 01 Sep 2009 | Removal date: 31 Dec 2011
Still in force

Interest payment subsidy

A one billion rubles (33.3million US dollars) fund was made available to leasing companies to reimburse some of the expenses incurred from loans undertaken from 2009 to 2014. The purpose of such loans was to buy the Russian domestically produced cars. The budget for this fund in subsequent years will be: 
In 2010 - 1.4billion rubles = 46.7millon US dollars
In 2011 - 1.06billion rubles = 34.5million US dollars

AFFECTED SECTORS