ANNOUNCEMENT 26 Dec 2014
In December 2014, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
The Russian Government (2014). РАСПОРЯЖЕНИИЕ ПРАВИТЕЛЬСТВА РФ ОТ 26 ДЕКАБРЯ 2014 Г. N 2728-Р "О ПРЕДОСТАВЛЕНИИ ГОСУДАРСТВЕННЫХ ГАРАНТИЙ ОРГАНИЗАЦИЯМ ОБОРОННО-ПРОМЫШЛЕННОГО КОМПЛЕКСА ДЛЯ ВЫПОЛНЕНИЯ ГОСУДАРСТВЕННОГО ОБОРОННОГО ЗАКАЗА". (Order of the Government of the Russian Federation of December 26, 2014 No. 2728-r "On granting state guarantees to the military-industrial complex organisations for execution of the state defense order"). Available at http://government.ru/docs/16385/
On December 26, 2014, the Government of the Russian Federation approved (according to Resolution No. 2728-) the issuance of state guarantees at the amount of RUB 60.2 billion (ca. USD 1.14 billion). Under this scheme, 21 organisations of the military-industrial complex of the Russian Federation benefit from 24 state guarantees.
The state guarantees ensure the repayment of 100% of the loans, taken by the organisations in the so-called military-industrial complex with the purpose of fulfilling a state defence order, based on a government contract.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.