ANNOUNCEMENT 17 Dec 2010

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

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Government Decree # 2321-p from 17 December 2010
http://pravo.gov.ru/proxy/ips/?docbody=&nd=102143962

Inception date: 17 Dec 2010 | Removal date: open ended
Still in force

Bailout (capital injection or equity participation)

Russian Prime Minister Vladimir Putin signed a ruling (the Government Decree # 2321-p from 17 December 2010) to inject per 2 billion rubles (per 50 million Euro) to "United Grain Company" (www.oaoozk.com ) to modernize infrastructure in agricultural business in Russia and to "RosAgroLeasing" (www.rosagroleasing.ru) to purchase and lease the agricultural machineries, equipment, materials to agricultural sector.
 
Rosagroleasing JSC is a state-owned company which carries out the tasks set by the Government of the Russian Federation: providing Russian farmers with modern agricultural machinery, hi-tech livestock equipment and high-producing pedigree livestock. From 2009the company delivers harvesting machinery, equipment for timber processing, equipment for fish production storage and processing.