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Global Trade Alert

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Russia: Industry Development Fund discloses a RUB 2.4 billion loan to "Power Machines"

Description

On 1 November 2023, the Russian Industry Development Fund (IDF) disclosed a previously disbursed RUB 2.4 billion (USD 25.98 million) credit to OJSC Power Machines. The date of the credit disbursement ...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Nov 2023

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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