Breaking news
Russia grants state loan guarantees worth $742 million to six defense enterprises 52308161.
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Defence & Security News - Russia
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| Russia grants state loan guarantees worth $742 million to six defense enterprises | |||
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Russian Prime Minister Dmitry Medvedev signed a resolution providing seven state loan guarantees worth a total of 48 billion rubles ($742 million) to six military-defense enterprises. The document was published on the government website.
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 Prime Minister Dmitry Medvedev signed a resolution providing seven state loan guarantees to six military-defense enterprises |
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"Seven loan guarantees worth 48.3 billion rubles shall be provided to six enterprises of the military-defense complex. The funds were reserved in the 2016 federal budget," the explanatory note to the document said.
The state guarantees are given to the Khrunichev Space Scientific and Production Center, Granit Production and Technical Enterprise, Rosvertol, the United Shipbuilding Corporation, Irkut Scientific and Production Corporation and Tactical Missile Armaments Corporation. The state support is provided to military-defense enterprises to promote the implementation of the state armaments program for 2011-2020. |
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