Global Trade Alert
Global Trade Alert

Russia (Saint Petersburg): City government injects RUB 2 billion into the local Industry Development Fund

Announcement

15 Nov 2022

In November 2022, the government of the city of Saint Petersburg announced a recapitalisation of the local Industry Development Fund. The city government will make an additional RUB 2 billion (USD 34 million) available, thereby increasing the fund's total capitalisation from RUB 3.18 billion (USD 54.06 million) to RUB 5.18 billion (USD 88.06 million).

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

15 Nov 2022

Revocation date:

No revocation date

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