ANNOUNCEMENT 06 Dec 2012In December 2012, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Resolution 2280- of 6 December 2012, http://www.government.ru/gov/results/21822/
On 6 December 2012, the Russian Government (according to Resolution 2280-) approved the allocation of a 285,111.9 thousands Russian Roubles subsidy to selected subjects of the Russian Federation (regional state authorities). The subsidy targets the stimulation of flax and hemp production.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.