ANNOUNCEMENT 06 Dec 2012In December 2012, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
On 6 December 2012, the Russian Government (according to Resolution 2283-) approved a disbursement of RUB 4.54billion (USD 149.54 million) as a part of a state subsidy for the partial compensation of the cost of agricultural crop insurance to selected subjects (republics and regions) of the Russian Federation. This measure is in line with the recent statement of the President of the Russian Federation, Mr Vladimir Putin, that the interests of the sectors, facing the most intensive competition from abroad (after the WTO accession) will be considered.
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.