ANNOUNCEMENT 15 Jan 2014In January 2014, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
With Decree 32 of 15 January 2014, the Russian government approved the allocation from the federal budget of 2.5 billion Roubles (USD 70 million) in 2014, of 2.7 billion (USD 75 million) in 2015, and of 2.9 billion (USD 80 million) in 2016 to Russian manufacturers of motor vehicles for partial coverage of their R&D and testing expenses.
The announced official state goals to be achieved with this state subsidy are:
Indirectly, this state initiative aims to compensate the Russian manufacturers of motor vehicles for the loss of competitiveness provoked by the introduction of waste disposal (scrappage) fee (see related GTA measure below).