Russian Federation: State support for the Russian automobile industry

On 19 December 2015 the Russian Government approved Decree No. 1383. It allocates 1 billion Russian Roubles (approximately 14 million USD) from the Federal budget to Russian automobile and automobile components manufacturers, including their affiliated organisations.
 
Their purpose is to partially compensate interest rate payments on credits received for investment and innovative projects and (or) payment of the coupon income on bonds issued for the implementation of investments.

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