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Global Trade Alert

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Russia: Industry Development Fund to lend RUB 5 billion in support of driving axle production

Description

On 1 September 2022, the Russian Industry Development Fund (IDF) announced a RUB 5 billion (USD 80 million) preferential loan (at 1% interest rate) to «Peterburgskij traktornyj zavod», a tractor-produ...

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Intervention Details

Intervention Type

Interest payment subsidy

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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