Blog IICA

Subsidies for fuel, raw materials and food to address economic crisis ”exacerbated” by Russian invasion to Ukraine/n

Fecha de inicio: 08/03/2022
Fecha de fin: 30/09/2022

Description

The government will maintain a fuel subsidy extended to the entire population since the pandemic, unchanged as long as the WTI barrel indicator is above $85 and below $115. It will also apply a subsidy to the transportation sector to avoid a fare hike. In the case of raw materials, "imports of corn, wheat, soybean, flour and vegetable fat will be subsidized by up to 10% for a period of six months", and the measure will also have an impact on foodstuffs.

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