ANNOUNCEMENT 12 Dec 2012In December 2012, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
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:
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.