Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Moscow, October 20 (Xinhua) — The Russian government is increasing the maximum annual subsidy for preferential loans to defense industry enterprises for the production of civilian products from 600 million to 3.5 billion rubles. The Cabinet of Ministers press service announced this on Monday.
This decision is aimed at supporting the production of components and parts for the aviation, space, and automotive industries, as well as equipment in the environmental engineering sector. According to Russian Prime Minister Mikhail Mishustin, the preferential loans will enable the opening of promising production facilities in regions such as the Rostov, Nizhny Novgorod, Chelyabinsk, Irkutsk, Kemerovo, and Moscow regions.
In Russia, a program of preferential loans for defense industry enterprises was launched in 2018. The minimum loan amount is 500 million rubles at a rate of 5 percent per annum. –0–
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