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Russia Facility
Russia Facility
The most relevant characteristics of the financial support provided are as follows:
- Eligible projects: viable projects undertaken in Russia and involving some manner of Spanish interest.
The priority sectors are:- Energy and Renewable energy
- Environment
- Infrastructures
- Automotive industry
- Types of financial support:
- Capital holdings
- Subordinated loans
- Subordinated joint venture loans
- Joint venture loans
- Ceiling: 25 million euros or 70% (FIEX) and 80% (FONPYME) of the total project investment. Capital holdings are limited to 49% of the project company’s share capital.
- Minimum: 250,000 euros
- Present capital endowment (2012): 55 million euros.
- Access: applications must be submitted to COFIDES.
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