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 29 of 15 January 2014, the Russian government approved the allocation from the federal budget of 50.4 billion Roubles (USD 1.4 billion) in 2014; 54.1 billion (USD 1.5 billion) in 2015; and 57.9 billion (USD 1.6 billion) in 2016 to Russian manufacturers of motor vehicles for partial coverage of their expenses for jobs preservation.
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).