ANNOUNCEMENT 03 Apr 2015In April 2015, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
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:
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.