ANNOUNCEMENT 26 Apr 2017
On 26 April 2017, the Russian Government announced a program of subsidies to producers of transport, as well as of agricultural, energy and transport machinery. The subsidies cover transportation costs.
NUMBER OF INTERVENTIONS
Government of the Russian Federation. 2017. Decree N496 dated 26-04-2017. О предоставлении субсидий из федерального бюджета российским организациям, в том числе организациям автомобилестроения, сельскохозяйственногомашиностроения, транспортного машиностроения и энергетического машиностроения, на компенсацию части затрат на транспортировку продукции (On granting subsidies from the federal budget to Russian organizations, including automotive agricultural machinery, transport engineering and power engineering companies, to compensate part of the cost of transporting products), http://government.ru/docs/27446/
On 26 April 2017, the Russian Government announced a subsidy program for manufacturers of automobiles and agricultural, transport and energy machinery. The subsidy targets transportation costs incurred by manufacturers.
The stated aim of the program is to enhance competitiveness of Russian manufacturers in foreign markets. The program is managed by the Russian export agency.
Only products listed in a special List of High-Tech Products maintained by the Russian Ministry of Industry and Trade are eligible.
The share of transportation expenses reimbursed depends on the type of manufacturing:
Transportation expenses cannot exceed 25% of production costs for manufacturers and affiliates and 27.5% for other actors.
The following additional caps apply, depending on the mode of transportation, in rubles:
The program budget for the 2017-2019 budget cycle was 11.8 billion rubles (USD 206.6 million). The program was designed by the Ministry of Industry and Trade of Russia as part of the "priority project" on International Cooperation and Export in Industry.