ANNOUNCEMENT 10 Nov 2015

The Industrial Development Fund (IDF), the state-owned fund has provided a loan to a Russian private sector company.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

1. Industrial Development Fund (2015). ИМПОРТОЗАМЕЩАЮЩЕЕ ПРОИЗВОДСТВО ПЛЁНОЧНОГО, ВОЛОКОННОГО И ПИЩЕВОГО ПЭТФ И ТЕРЕФТАЛЕВОЙ КИСЛОТЫ. (Import-replacing production of film, fibre and food PET and terephthalic acid). Available at http://frprf.ru/proekty-i-zayavki/proekty/ooo-safpet-nizhnekamsk-65/

2. "Rupec" analytical website (2015). НАБЛЮДАТЕЛЬНЫЙ СОВЕТ ФРП ОДОБРИЛ ЗАЙМ ДЛЯ САФПЭТА НА 700 МЛН РУБЛЕЙ. (Supervisory Council of the IDF approves the loan in the amount of 700 million rubles to be provided to the PLC "SafPet"). Available at http://rupec.ru/news/32332/

Inception date: 10 Nov 2015 | Removal date: open ended
Still in force

State loan

On 10 November 2015, the Supervisory Council of the Industrial Development Fund agreed to provide the loan in the amount of 700 million rubles (approximately USD 10.9 million) to the PLC "SafPet". 

The loan is to be used for the creation of the production of terephthalic acid (TPA) and thermoplastics based on it – polyethylene terephthalate (PET).

 

AFFECTED SECTORS

 

AFFECTED PRODUCTS