Global Trade Alert
Global Trade Alert

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Russia: Industry Development Fund provides credit support to Avtovaz

Description

On 6 June 2024, the Industry Development Fund (IDF) announced a RUB 1.4 billion (approx. USD 15.69 million) loan to Avtovaz to support the production of components and assemblies for the new LADA Aura...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

06 Jun 2024

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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