ANNOUNCEMENT 22 Feb 2014
In February 2014, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
The Russian Government (2014). ПОСТАНОВЛЕНИЕ ПРАВИТЕЛЬСТВА РФ ОТ 22 ФЕВРАЛЯ 2014 Г. N 134 'ОБ УТВЕРЖДЕНИИ ПРАВИЛ ПРЕДОСТАВЛЕНИЯ СУБСИДИЙ ИЗ ФЕДЕРАЛЬНОГО БЮДЖЕТА РОССИЙСКИМ ОРГАНИЗАЦИЯМ НА КОМПЕНСАЦИЮ ЧАСТИ ЗАТРАТ НА РЕАЛИЗАЦИЮ ПИЛОТНЫХ ПРОЕКТОВ В ОБЛАСТИ ИНЖИНИРИНГА И ПРОМЫШЛЕННОГО ДИЗАЙНА В РАМКАХ ПОДПРОГРАММЫ "ОБЕСПЕЧЕНИЕ РЕАЛИЗАЦИИ ГОСУДАРСТВЕННОЙ ПРОГРАММЫ" ГОСУДАРСТВЕННОЙ ПРОГРАММЫ РОССИЙСКОЙ ФЕДЕРАЦИИ "РАЗВИТИЕ ПРОМЫШЛЕННОСТИ И ПОВЫШЕНИЕ ЕЕ КОНКУРЕНТОСПОСОБНОСТИ"'. (Resolution of the Government of the Russian Federation of February 22, 2014 No. 134 'On the approval of the rules for granting subsidies from the federal budget to Russian organisations for partly compensating the costs of implementing pilot projects in the field of engineering and industrial design within the framework of the subprogramme "Ensuring the implementation of the State Programme" of the State Program of the Russian Federation "Development of industry and increase of its competitiveness"'). Available at http://government.ru/docs/10738/
Decree Nr. 134 of 22 February 2014 stipulates that in the period 2014-2016 Russian companies operating in the area of industrial engineering and design are eligible for federal subsidies for partial reimbursement of expenditures, related to the realisation of pilot projects. To be eligible for the subsidies, projects must be financed through loans from Russian banks or the state-owned Vnesheconombank. The new industrial subsidies will be at the amount of 1 billion Russian Roubles (USD 30 million) per year. Their purpose is to develop the services, offered by the local industrial engineering and design companies.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.