ANNOUNCEMENT 21 Jan 2014In January 2014, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
21 2014 45-
On January 21, 2014, the Government of the Russian Federation approved Resolution No. 45 introducing rules for the allocation of decoupled subsidies to Russian plant growers at the amount of RUB 14.44 billion (US$ 390 million).
"Decoupled subsidies' is a key concept introduced by the Agricultural Programme 2013-2020. Within this concept, subsidies will support farmers' income in general without being linked to any production performance indicators. The introduction of this new concept was necessary to avoid breaking Russia's WTO obligations which forbid direct subsidies of supply of agriculture-related goods (chemicals, fertilisers, seeds, fuel) to farmers.
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.