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Global Trade Alert

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Russia: Government allocates an additional RUB 1.2 billion to subsidise purchase of local cars in 2023

Description

On 2 November 2023, the Russian Ministry of Industry and Trade reportedly announced the allocation of an additional RUB 1.2 billion (USD 12.91 million) to subsidise discounts for the purchase of new l...

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Intervention Details

Intervention Type

Localisation, nes

MAST Chapter

I: Trade-related investment measures

Implementation date

02 Nov 2023

Revocation date

31 Dec 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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