ANNOUNCEMENT 27 Dec 2017

On 27 December 2017, the Russian Industry and Trade Ministry announced subsidies to two Russian aircraft makers.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Russian Ministry of Industry and Trade. Order N4718 from 27-12-2017. http://minpromtorg.gov.ru/docs/#!17919

Inception date: 27 Dec 2017 | Removal date: open ended
Still in force

Financial grant

On 27 December 2017, the Russian Industry and Trade Ministry ordered the payment of subsidies to two Russian aircraft manufacturers, Sukhoi Civil Aircraft and Kazan Helicopter Plant under the subsidies program targeting the support for the reserve of aircraft spare parts, ground service equipment and training of aircrews on new aircraft. The subsidies program was launched under the State Program on the Development of Aircraft Manufacturing in 2013-2015.

Under this Order, Sukhoi was allocated 1.1 billion rubles (USD 19.2m), while Kazan Helicopter Plant was to receive 12 million rubles (USD 210 thousand) towards their post-sales services expenses.

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