ANNOUNCEMENT 04 Jun 2015
In June 2015, the government of the Russian Federation announced a changed incentive to localise business operations.
NUMBER OF INTERVENTIONS
4 2015 550
27 2012 . N 1432 . " "
On 4 June 2015 the Russian Government approved Decree Nr. 550. It amends Decree No. 1432 of 27 December 2012, the original decree which as of 1 January 2013 introduced rules concerning provision of subsidies for agricultural machinery.
Decree Nr. 550 has introduces the following main amendments to Decree No. 1432:
According to the text of Decree No. 550, this state initiative "will help increase the purchase accessibility of agricultural machinery and increase the volume of supply of such equipment to agricultural producers'.
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.