ANNOUNCEMENT 10 Mar 2009In March 2009, the government of Russia announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
The Government Decree # 205 from 10 March 2009.
The Government Decree # 205 from 10 March 2009 establishes rules for granting subsidies (subsidized loans - 2/3 of CBR refinancing rate) from the federal budget to producers of agricultural machines and tractors, the wood processing sector, producers of equipment for the oil and gas sector, producers of machine tools in order to cover part of interest rates on credits for up to 5 years for their technical modernization. The subsidies will be granted in the period 2009-2011, on a quarterly basis.