ANNOUNCEMENT 12 Mar 2015In March 2015, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
On 12 March 2015 the Russian government approved the rules for granting subsidies for reimbursement of credit-related expenses for loans taken by industrial enterprises, that belong to the list of the enterprises with strategic importance for the country (see the 3rd provided source).
The eligible credit lines must be for working capital or for financing of current operations. The state support is at the amount of 20 billion Russian Roubles (ca. 350 million USD) and will be provided from the anti-crisis fund forming part of the 2015 federal budget.
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.