ANNOUNCEMENT 12 Dec 2012

In December 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
Inception date: 01 Jan 2013 | Removal date: open ended
Still in force

Production subsidy

The Russian Government introduced (according to Resolution Nr 1295 of 12 December 2012) a subsidy scheme to support Russian provinces to partially compensate the following expenses of crop producers:

  • purchase of elite seeds;
  • acquisition of seeds and delivery to remote Russian regions (for example the Far North);
  • partial reimbursement of expenses related to the maintenance of perennial plant orchards;
  • reimbursement of expenses related to the recultivation of uprooted Russian areas.

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 considered. 
The resolution enters into force on January 1, 2013.
 
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

 
N/A

AFFECTED PRODUCTS

 
N/A