ANNOUNCEMENT 24 Nov 2017

The Ministry of Industry and Trade of the Russian Federation announced state subsidies to 5 Russian manufacturers of wheeled vehicles.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Ministry of Industry and Trade (2017). ПРИКАЗ МИНИСТЕРСТВА ПРОМЫШЛЕННОСТИ И ТОРГОВЛИ РОССИЙСКОЙ ФЕДЕРАЦИИ ОТ 24 НОЯБРЯ 2017 Г. № 4063 "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 November 24, 2017 No. 4063 "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/#!18605

Inception date: 24 Nov 2017 | Removal date: open ended

Financial grant

According to the Ministerial Decree No. 4063 dated 24th of August, 2017, state subsidies were granted to 5 Russian organisations in the total amount of 699.41 million RUB (12.0 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