ANNOUNCEMENT 13 Mar 2013

In March 2013, the government of Belarus announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 13 Mar 2013 | Removal date: open ended
Still in force

Trade finance

With Decree 177 of March 13, 2013, the Council of Ministers of Belarus have prolonged the provision of loans at advantageous terms (through Sberbank Russia) to buyers of Belarusian goods on the territory of the Russian Federation. The state financial scheme was originally implemented in 2009 (Decree  466 of September 24, 2009) and the goal is to promote Belarusian goods, among others machinery and equipment, on the Russian market and to increase the Belarusian exports.

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