ANNOUNCEMENT 05 Apr 2014In April 2014, the government of the Russian Federation announced a change to private-sector financial support.
NUMBER OF INTERVENTIONS
5 2014 544-.
With decree Nr. 544-p of 5 April 2014 the Russian government approved state support for 17 projects of Russian enterprises related to the production of children's furniture, toys, shoes, uniforms, street play equipment. Concretely, the state will subsidise their R&D and construction-experimental costs. In addition, it will reimburse the companies' interest rates on loans used for the purchase of technological equipment.
Currently, imported children's goods dominate the Russian market. For example, 60 per cent of the children's cosmetics and baby products are supplied by importers; this share is 90 per cent for children's shoes, clothes and toys. China is a key supplier of these goods.