ANNOUNCEMENT 23 Feb 2015

In February 2015, the government of the Russian Federation allocated 2 billion rubles for the program of preferential leasing of Russian-made agricultural machinery, inputs and technologies

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Government of the Russian Federation. 2015. Decree N286-r, dated 23.02.2015 , http://government.ru/docs/16994/ http://cbr.ru/currency_base/daily.aspx?date_req=23.02.2015

Inception date: 25 Feb 2015 | Removal date: open ended
Still in force

Consumption subsidy

On February 23, 2015, the Russian government allocated additional funds into the the chartered capital of the state-owned leasing enterprise 'Rosagroleasing'. 2 billion rubles (USD 32 million) was assigned by Decree 286-p to support Rosagroleasing's purchase and subsequent leasing out of the Russian-made agricultural machinery on preferential terms to the local farmers.

The program's stated aim is boost demand on the local market for this particular type of machinery. The leasing program is part of the subprogram on the Development of the financial and credit system of the agro-industrial complex of the State Program for the Development of Agriculture and Regulation of Agricultural Products, Raw Materials and Food Markets in 2013–2020.