ANNOUNCEMENT 19 Nov 2014In November 2014, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
19 2014 1223. ? ?. .
On 19 November 2014 was signed Decree Nr. 1223. Its goal is to stimulate with state support the acquisition of innovative freight wagons which allow higher axle loads.
A total of RUB 7.1billion (approx. USD 171 million) shall be allocated from the federal budget in the period 2014-2016. Russian leasing companies and Russian organisations receiving loans from Russian credit organisations for the acquisition of the described wagons are mentioned as beneficiaries of the present state support.
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.