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Russian Federation: USD 65 million to banks to prolong loan repayment deadlines of SMEs

Description

On 2 April 2020, the Russian government allocated 5 billion roubles (USD 65 million) to the local banks, as a subsidy to compensate for the revenue foregone on SME loans that the government asked to b...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Apr 2020

Revocation date

01 Oct 2020

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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