ANNOUNCEMENT 25 May 2016

The Ministry of Industry and Trade of the Russian Federation announced state subsidies to 6 Russian manufacturers of wheeled vehicles.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Ministry of Industry and Trade (2016). ПРИКАЗ МИНИСТЕРСТВА ПРОМЫШЛЕННОСТИ И ТОРГОВЛИ РОССИЙСКОЙ ФЕДЕРАЦИИ ОТ 25 МАЯ 2016 Г. № 1671 "О ПРЕДОСТАВЛЕНИИ СУБСИДИЙ ИЗ ФЕДЕРАЛЬНОГО БЮДЖЕТА РОССИЙСКИМ ПРОИЗВОДИТЕЛЯМ КОЛЕСНЫХ ТРАНСПОРТНЫХ СРЕДСТВ НА КОМПЕНСАЦИЮ ЧАСТИЗАТРАТ, СВЯЗАННЫХ С ВЫПУСКОМ И ПОДДЕРЖКОЙ ГАРАНТИЙНЫХ ОБЯЗАТЕЛЬСТВ В ОТНОШЕНИИ КОЛЕСНЫХ ТРАНСПОРТНЫХ СРЕДСТВ, СООТВЕТСТВУЮЩИХ НОРМАМ ЕВРО-4 И ЕВРО-5". (Decree of the Ministry of Industry and Trade of the Russian Federation of May 25, 2016 No. 1671 "On granting subsidies from the federal budget to Russian producers of wheeled vehicles to compensate for the costs associated with the issuance and maintenance of warranty obligations for wheeled vehicles complying with the Euro-4 and Euro-5 standards". Available at http://minpromtorg.gov.ru/docs/#!29857

Inception date: 25 May 2016 | Removal date: open ended
Still in force

Financial grant

According to the Ministerial Decree No. 1671 dated 25th of May, 2016, state subsidies were granted to 6 Russian organisations in the total amount of 5.44 billion RUB (82.6 million USD). 

The subsidies were granted to compensate for the costs associated with the issuance and maintenance of warranty obligations for wheeled vehicles complying with the Euro-4 and Euro-5 standards. The subsidies were granted under the framework depicted by the Government Resolution No. 31 dated 15.01.2014. 

AFFECTED SECTORS