ANNOUNCEMENT 23 Jul 2015In July 2015, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
23 2015 745
Sukhoi Superjet 100
On 23 July 2015 the Russian Government approved Decree No. 745. It forms part of the state programme 'Development of the aviation industry in the period 2013-2025'. It introduces a new form for state subsidy support of domestic manufactures of aircraft for:item (1) reimbursement of costs associated with the organization of the warehouses of spare parts, providing ground support, and item(2) training of aviation personnel. The official document states that the purpose of this state measure is to boost the sales of Russian passenger aircrafts by reducing their production costs.
The new subsidy will be used to support two types of Russian aircraft (Suhoj Superjet and MC-21) to be supplied in the period 2016 - 2022 as part the state programme 'Development of the aviation industry in the period 2013-2025'.
Article 7 of Decree No. 745 specifies the upper limits and parameters of the subsidised aircraft costs:
The affected trading partners are identified on the basis of the provided articles in Rossiyska Gazeta, an official newspaper of the Russian Government and Suhoj Superjet confirmed orders.
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.