Global Trade Alert
Global Trade Alert

Russia: Industry Development Fund discloses two loans totalling RUB 5.2 billion to TMH-Electrotech LLC

Announcement

19 Nov 2024

In November 2024, the Industry Development Fund disclosed it had provided two loans totalling RUB 5.2 billion (USD 51.76 million) to TMH-Electrotech LLC to launch the production of asynchronous traction motors of four new types. 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

19 Nov 2024

Revocation date:

No revocation date

Announced: 19 Nov 2024
State loan In force
On 19 November 2024, the Industry Development Fund (IDF) disclosed it had provided two preferential loans totalling RUB 5.2 billion (USD 51.76 million) to TMH-Electrotech LLC, a Russian company produc...
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