ANNOUNCEMENT 18 Aug 2015In August 2015, the government of the Russian Federation announced a change to private-sector financial support.
NUMBER OF INTERVENTIONS
On 18 August 2015 the Russian Government approved Order No. 1588-p. Its purpose is to allocate in 2015 a state subsidy to the budgets of the constituent entities of the Russian Federation for co-financing the reimbursement of interest payments oncredits (loans) for the construction and reconstruction of dairy cattle buildings.
The amount of state subsidy allocated by Order No. 1588-p is 5 150 700 000 Russian Roubles (approximately 74 313 952 USD).
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.