ANNOUNCEMENT 07 Aug 2013In August 2013, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
7 2013 1390-
On August 7, 2013, the Russian Government approved with Resolution No. 1390-p the disbursement of subsidies to co-finance farm star-ups. The disbursement amounts to RUB 2 billion (USD 61.14 million).
This state measure was approved on Meeting of the Government 26 of August 1, 2013. However, it can be interpreted in relation to Meeting of the Government 25 of July 25, 2013. At this meeting the Prime Minister, Mr Dmitry Medvedev, commented: "The real sector is the basis of long-term development. A range of state support measure are foreseen for key sectors of the economy. We are talking about '...' targeted subsidisation of '...' enterprises as a part of the adaptation process related to the WTO accession".
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.