This file photo of August 16, 2005 shows then Russia's president Vladimir Putin (who is the PM in today's Russia) flying in Tu-160 strategic bomber.
Photo: ITAR-TASS
|
 |
Govt to Inject 150bn in Defense Enterprises
Russia’s government will rescue defense and industrial complex from global turmoil. The package of bailout actions is worth 150 billion rubles and the RF Finance Ministry will submit it to the cabinet this week, Vedomosti reported citing its own sources.
The list of enterprises to be rescued by the state isn’t clear yet, but the sources say the United Aircraft Corp and Rostekhnologii will be there for sure.
Meanwhile, the accounts payable of Rostekhnologii enterprises amount to roughly 80 billion rubles, and MiG owes more than 40 billion rubles, which shelved the company’s merger with the United Aircraft Corp.
The bailout plan for defense and industrial enterprises sets forth five major items. The state is ready to inject roughly 50 billion rubles to step up their capitalization and lay aside another 100 billion rubles as the loan security.
The government intends to consider applications filed by defense and industrial companies for the buyout of their new stocks. There will be from 15 to 35 companies overall. Russia’s Vice Premier Sergei Ivanov pledged earlier that the state order for defense sector would widen by 60 billion rubles in 2009.
www.kommersant.com
|
|
|
