Announcement
10 Jul 2026
In July 2026, the Russian Ministry of Industry and Trade announced financial support for the metallurgical holding Novostal-M to construct a new production complex in Balakovo. The state support includes an interest payment subsidy and a loan guarantee.
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
10 Jul 2026
Revocation date:
No revocation date
Announced: 10 Jul 2026
Loan guarantee In force
Recent update from 28 Jul 2026:
On 10 July 2026, the Russian state development corporation VEB.RF provided a loan guarantee of RUB 20 billion (approximately USD 262.6 million) to Novostal-M. The measure secures the company's fina...
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Announced: 10 Jul 2026
Interest payment subsidy In force
Recent update from 28 Jul 2026:
On 10 July 2026, the Russian Ministry of Industry and Trade (Minpromtorg) announced an interest payment subsidy to support Novostal-M in the construction of a new metallurgical complex in Balakovo,...
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