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Global Trade Alert

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Russia: VEB.RF to provide RUB 15 billion in credits to PJSC Element

Description

On 31 July 2024, VEB.RF announced it would provide a RUB 15 billion (USD 174.72 million) credit to PJSC Element to support the manufacturing of power microelectronics components. As part of the funded...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Jul 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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