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Global Trade Alert

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Russia: Industry Development Fund discloses a RUB 1.4 billion loan to Modern Glass LLC

Description

On 31 March 2025, the Industry Development Fund (IDF) disclosed it had provided a RUB 1.4 billion (USD 16.65 million) loan to Modern Glass LLC, a Russian company specialising in the production of larg...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Mar 2025

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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