Machine Building Is a Material Export Item

22 february 2019 | Izvestia

"The machine building industry is a material export item where the motor transport has almost 37% and the railroad transport has 16%," Ksenia Bannikova, the head of the Department for Foreign Economic Activity of the Analytical Center, said.

Ksenia Bannikova
Ksenia Bannikova
Department for Foreign Economic Activity

In 2018, the volume of goods export by motor transport was inferior to railroad transport. The expert emphasized that the kind of transport within the country for 43.7% of exported goods is not determined while transshipment at the border is made to the sea or river transport.

"But as far as the machine building industry, its products constitute a material export item," Bannikova said. "The motor transport has almost 37%, and the railroad transport has 16% in this niche."

The expert also emphasized that the existing data allowed to say exactly about the demand for analyzed supportive measures. Thus, 100% of funds in the amount of RUB 6.6 bn were assimilated in 2017. They were allocated to provide subsidies to the Russian organizations for their partial recovery of expenses for product transportation, including the organizations of the motor vehicle, agricultural machinery, transport machinery, power engineering industries. As of December 1, 2018, 68.5% of funds allocated for these purposes in the amount of RUB 13.1 bn were assimilated.

In regards to subsidies for partial recovery of expenses for agricultural product and food transportation by the land transport, including the railroad transport, the expert stated that only 49.3% of funds allocated for these purposes in the amount of RUB 100 m were assimilated in 2017. The expert does not exclude that it is connected with the late approval of the document: the Government Resolution No. 1104 is dated September 15, 2017. "In particular, as of December 1, 100% of assimilated funds allocated for these purposes in 2018 (RUB 500 m) say for it," she thinks.

Source: Izvestiya

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