ANNOUNCEMENT 02 Apr 2015

In April 2015, the government of the Russian Federation announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 02 Apr 2015 | Removal date: open ended
Still in force

Financial grant

On April 2, 2015 Order 569-p was approved in accordance with the "anti-crisis plan" of the Russian Government. The document stipulates that state subsidies in the amount of 2 billion Russian Roubles (ca. 39 million USD) will be provided to producers of agricultural machinery. 
The concrete target is to subsidise the purchase of 2900 units of agricultural machinery (500 tractors, 1300 combine harvesters, 100 forage harvesters and 1000 units of other agricultural machinery) and in this way 'to stimulate the production of domestic agricultural machinery'.

AFFECTED SECTORS