ANNOUNCEMENT 18 Feb 2016

The Ministry of Industry and Trade of the Russian Federation announced state subsidies to 11 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 18 ФЕВРАЛЯ 2016 Г. № 416 "О ПРЕДОСТАВЛЕНИИ СУБСИДИЙ ИЗ ФЕДЕРАЛЬНОГО БЮДЖЕТА РОССИЙСКИМ ПРОИЗВОДИТЕЛЯМ КОЛЕСНЫХ ТРАНСПОРТНЫХ СРЕДСТВ НА КОМПЕНСАЦИЮ ЧАСТИ ЗАТРАТ НА ИСПОЛЬЗОВАНИЕ ЭНЕРГОРЕСУРСОВ ЭНЕРГОЕМКИМИ ПРЕДПРИЯТИЯМИ АВТОМОБИЛЬНОЙ ПРОМЫШЛЕННОСТИ". (Decree of the Ministry of Industry and Trade of the Russian Federation of February 18, 2016 No. 416 "On granting subsidies from the federal budget to Russian manufacturers of wheeled vehicles to partly compensate costs of using energy resources by energy-intensive enterprises of the automotive industry".) Available at http://minpromtorg.gov.ru/docs/#!31889

Inception date: 18 Feb 2016 | Removal date: open ended

Financial grant

According to the Ministerial Decree No. 416 dated 18th of February, 2016, state subsidies were granted to 11 Russian organisations in the total amount of 940.91 million RUB (12.3 million USD). 

The subsidies were granted to compensate for the costs associated with using energy resources by energy-intensive enterprises of the automotive industry. The subsidies were granted under the framework depicted by the Government Resolution No. 30 dated 15.01.2014.

AFFECTED SECTORS