Global Trade Alert
Global Trade Alert

Russian Federation: Bank of Russia and SME Corporation interest rate subsidies to SMEs ("Anticrisis loans" of Nov 2021)

Announcement

10 Nov 2021

In November 2021, the Russian SME Corporation and the Russian central bank announced a so-called "anticrisis measure" to support the SMEs in the sectors affected by the COVID-19 crisis with interest rate subsidies.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Nov 2021

Revocation date:

31 Mar 2022

End prolongation: 31 Mar 2022
Interest payment subsidy
On 11 November 2021, the Russian state-owned SME Corporation and the Russian central bank, Bank of Russia, set-up a new program of interest rate subsidies for loans issued to the small and medium ente...
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