ANNOUNCEMENT 18 Mar 2013

In March 2013, the government of the Russian Federation announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Постановление от 18 марта 2013 г. №224
Об утверждении Правил предоставления в 2013 году госгарантии по кредиту, привлекаемому киностудией «Ленфильм», http://government.ru/gov/results/23364/

Film industry, http://en.wikipedia.org/wiki/Film_industry

Конец "Ленфильма"? Споры о судьбе киностудии предлагается вести при открытых дверях
http://www.rg.ru/2011/08/24/lenfilm.html

Inception date: 18 Mar 2013 | Removal date: 16 Nov 2013
Still in force

Loan guarantee

On March 18, 2013, the Russian Government (according to Decree 224) approved the rules for the issuance of state guarantees for the film production company Lenfilm in 2013. According to an article in Rossiyskaya Gazeta, an official newspaper of the Russian Government, Lenfilm is a 100 per cent state-owned company. The state guarantee covers a Lenfilm loan taken from a Russian bank in order to modernise its premises.

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.

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