ANNOUNCEMENT 19 Oct 2013

In October 2013, the government of the Russian Federation announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE




19 2013 1908-
http://government.ru/docs/7663


Inception date: 19 Oct 2013 | Removal date: 18 Dec 2013
Still in force

Interest payment subsidy

On October 19, 2013, the Russian Government approved with Resolution No. 1908-p the disbursement of subsidies to selected subjects of the Russian Federation (towns, republics and regions). The purpose of this state measure is to partially compensate the interest payments on loans received by agricultural producers and animal breeders from Russian credit organisations or rural agricultural credit cooperatives (see related GTA measures Nr 4298 and Nr 4507 below).The strategic goal of this state intitiative is to enhance the development of the Russian agricultural and animal breeders' sector, its infrastructural basis, as well as plant processing and market supplies. 
 
Concretely, the disbursement to agricultural producers amounts to RUB 11.79 billion (USD 364.451 million), RUB 3 billion more than planned, and the disbursement to animal breeders amounts to RUB 32.61 billion (USD 1.008 billion), RUB 3.87 billion more than planned.
 
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