Global Trade Alert
Global Trade Alert

Russian Federation: State support for the modernisation of a combined cycle power plant in Ecuador

Announcement

27 Nov 2014

In November 2014, the government of the Russian Federation announced a change in the required local inputs to serve domestic customers and a change in its trade finance instruments.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Oct 2013

Revocation date:

No revocation date

Last action: 27 Nov 2014
Local content requirement In force
According to the source, to finance the combined cycle power plant "Termogas Machala" in Ecuador an 'obligatory condition for the realisation and the financing of the project is the delivery of Russia...
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Last action: 27 Nov 2014
Trade finance In force
Official press reports of the state Eximbank of Russia dated 26 and 27 November 2014 report that the Government of the Russian Federation issued a state guarantee (320 million USD) and an export loan ...
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