ANNOUNCEMENT 28 Feb 2012

In February 2012, 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 28 февраля 2012 г. №166
Об утверждении Правил предоставления и распределения субсидий из федерального бюджета бюджетам субъектов Российской Федерации на поддержку начинающих фермеров, http://www.government.ru/gov/results/18333/

В России будут продолжены программы по поддержке сельского хозяйства, http://www.1tv.ru/news/economic/217519
Сворачивать программы поддержки агрокомплекса в России не планируется
http://www.1tv.ru/news/economic/217597
Путин: правила ВТО позволяют поддерживать отечественное сельское хозяйство
http://www.vesti.ru/doc.html?id=701189
Дмитрий Медведев: сельское хозяйство — наше конкурентное преимущество, http://www.vesti.ru/doc.html?id=1015906&cid=5
Интересы сельхозпроизводителей РФ будут учтены в рамках ВТО – Путин, http://ria.ru/economy/20120127/550183753.html

Inception date: 28 Feb 2012 | Removal date: open ended
Still in force

Financial grant

On February 28, 2012, the Russian Government (Decree 166) approved the rules for the allocation of federal subsidies to the subjects of the Russian Federation (provinces and regions) for the co-financing of grants they provide for the support of farm start-ups. A list of selected subjects of the Russian Federation (Decree 224/18.03.2013, GTA measure 4283) received RUB 1,728 million (USD 56 million) from the 2013 state budget. This state measure is in line with the recent statement of the President of the Russian Federation, Mr Vladimir Putin, that the interests of the economic sectors, agriculture included, who meet the most intensive competition from abroad after the WTO accession, will be supported.

Among the key requirements, the co-financed grants must comply with, are:

  • The highest subsidy a single farm start-up may obtain is set to RUB 1.5million (USD 0.05 million).
  • Among others, grants may be used for the acquisition of agricultural land, (re)construction of agricultural premises, purchase of animals, inventory, machinery, vehicles, seeds, fertilisers and chemicals.

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.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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