ANNOUNCEMENT 20 Jul 2013

In July 2013, the government of the Russian Federation announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising
Inception date: 20 Jul 2013 | Removal date: 19 Jul 2019
Still in force

Trade finance

On 20 July 2013 the Russian Government approved with Order Nr. 1268-p the Plan ("Road-map") "Development of the information technology industry".
 
The implementation of the activities under this order seeks to ensure an average growth rate of the IT industry for the period 2013-2018 of more than three times the average GDP growth rate. In addition, the road map targets to increment the number of jobs in the IT industry in order to ensure increased creation of value added within the country. The achievement of these goals shall increase Russian IT companies' exports from the current USD 4.4billion to USD 9 billion in 2018.
 
Some of the envisioned either discriminatory or liberalising state interventions that affect international trade and migration are:

  • facilitation of the employment of highly-qualified foreign IT specialists;
  • mandatory insurance fees discounts;
  • creation of innovative value-added-generating high-tech parks; 
  • creation of stimulus for foreign companies to open new RD scientific centres in Russia; 
  • improvement of the mechanisms for financing of IT start-ups;
  • presumably increased priority for long-run state acquisitions of Russian IT products (p. 8 of the road-map);
  • development of future state measures, targeting the acquisition of Russian IT products by different economic sectors;
  • removal of customs barriers to imports of high-tech IT goods.
  • export promotion.

 
This measure comprises of some policy initiatives that increase discrimination against foreign commercial interests and others that reduce such discrimination. As a result the measure is classified amber.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A