ANNOUNCEMENT 03 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

SOURCE



3 2015 319 ? ?.
http://www.fish.gov.ru/files/documents/documenty/akty_pravitelstva/Postanovlenie__319_%D0%BE%D1%82_03.04.2015_%D0%B3.pdf.pdf


http://www.fish.gov.ru/press-tsentr/novosti/2197-utverzhden-mekhanizm-subsidirovaniya-akvakultury


Inception date: 03 Apr 2015 | Removal date: open ended

State loan

On 3 April 2015 the Government of the Russian Federation approved resolution Nr. 319 relating to the state progamme 'Development of the fishery industry'. The resolution allocates funds from the budget of the Russian Federation for the reimbursement of the interest rate costs on loans for the development of aquaculture facilities.
The subsidies target the development of domestic aquaculture for the purpose of import substitution and reduction of the import dependence. Starting from 2015, loan agreemens concluded on or after 1 January 2014for projects designed to develop marketable aquaculture products will receive loan financing as follows:

  • For a period from 1 year to 3 years - for the purchase of fish-breeding material;
  • For up to 10 years - for the construction, reconstruction and (or) modernisation of commodity aquaculture, facilities for the production of fish-breeding material, processing and storage facilities of aquaculture products, as well as the purchase of equipment, specialized vessels, vehicles and equipment for breeding, maintenance and cultivation of marketable aquaculture facilities.

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.

AFFECTED SECTORS

 
042 043 044 212

AFFECTED PRODUCTS

 
030199 030211 030214 030284 030285 030289 030312 030313 030314 030319 030324 030331 030351 030353 030354 030355 030366 030368 030383 030384 030389 030390 030461 030462 030474 030475 030479 030481 030483 030486 030487 030489 030494 030495 030499 030520 030532 030539 030541 030543 030559 030569 030616 030617 030622 030629 030711 030729 030739 030749 030759 030799
(+ 42 more)