ANNOUNCEMENT 23 May 2014

In May 2014, the government of the Russian Federation announced .

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



23 2014 . N 166 " " - 2014-2016 "
"": http://www.garant.ru/products/ipo/prime/doc/70564232/#ixzz34cujbEoc


Inception date: 23 May 2014 | Removal date: open ended
Still in force

Loan guarantee

On May 23, 2014, the Ministry of Agriculture approved with Order N 166 the sectorial programme "Development of the flour milling industry of the Russian Federation for 2014--2016". The Programme plans to allocate total investments (self-financing by millers and guaranteed state loans) for the development of the flour milling industry in 2014--2016 at the amount of RUB 6.8 billion (approximately USD 200 million). The concrete state support measures include:

  • Reimbursement of costs related to short-term loans for the purchase of Russian agricultural raw materials for primary and industrial processing; 
  • Interest rate subsidies related to investment loans for construction, reconstruction and modernisation of existing enterprises, received by enterprises in the milling industry from Russian credit organisations; 
  • Subsidisation of regional programs for temporary storage and processing of grain.

The goals of the programme with effects for international trade are: to increase the domestic production of flour and cereals; to diversify and improve the product quality in this industry, to enhance the import-substitution and to stimulate the exports of flours and cereals.

AFFECTED SECTORS

 
Inception date: 23 May 2014 | Removal date: open ended
Still in force

State loan

On May 23, 2014, the Ministry of Agriculture approved with Order N 166 the sectorial programme "Development of the flour milling industry of the Russian Federation for 2014--2016". The Programme plans to allocate total investments (self-financing by millers and guaranteed state loans) for the development of the flour milling industry in 2014--2016 at the amount of RUB 6.8 billion (approximately USD 200 million). The concrete state support measures include:

  • Reimbursement of costs related to short-term loans for the purchase of Russian agricultural raw materials for primary and industrial processing; 
  • Interest rate subsidies related to investment loans for construction, reconstruction and modernisation of existing enterprises, received by enterprises in the milling industry from Russian credit organisations; 
  • Subsidisation of regional programs for temporary storage and processing of grain.

The goals of the programme with effects for international trade are: to increase the domestic production of flour and cereals; to diversify and improve the product quality in this industry, to enhance the import-substitution and to stimulate the exports of flours and cereals.