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Global Trade Alert

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Russia: Industry Development Fund to provide a RUB 2 billion credit to a pharmaceutical producer

Description

On 1 September 2022, the Industry Development Fund (IDF) announced the provision of a RUB 2 billion (USD 33.33 million) loan to "Generium-Nekst" to finance the opening of a new plant. The loan will s...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Sep 2022

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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