ANNOUNCEMENT 01 Oct 2015

On 1 October 2015, the Russian Government published regulations under which Russian medical appliance manufacturers are to be subsidized.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Government of Russia. Decree N 1048 dated 1-10-2015. http://pravo.gov.ru/proxy/ips/?docbody=&nd=102379581&rdk=&backlink=1

Inception date: 01 Oct 2015 | Removal date: open ended
Still in force

Financial grant

Decree No. 1048 regulates the procedure for the allocation of subsidies to the Russian manufacturers of medical appliances and items. The goal is to co-finance up to a half of the expenses related to equipment purchase and set-up, facility rent, clinical and laboratory tests, inputs and spare parts acquisition, and up to 70% of interest payments on the loans taken for the above purposes.

The maximum amount may not exceed 200 million Russian rubles (USD 3m) for the contract. Subsidies are available to companies whose annual total sales are above the equivalent of USD 1.5m. 

Decrees 1045, 1048 and 1047 regulate the subsidisation of pharmaceuticals producers, medical appliance producers, and clinical trials respectively. All three are the legal instruments to implement the State Program on the Development of the Pharmaceutical and Medical Manufacturing in 2013-2020. 

AFFECTED SECTORS