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Russia provides over $0.7 bln worth of state loan guarantees to six defense contractors

August 19, 8:37 UTC+3 MOSCOW
The recipients are the Khrunichev State Research and Production Space Center, Granit enterprise, Rostvertol, the United Aircraft Corporation, Irkut Corporation and Tactical Missiles Corporation
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MOSCOW, August 19. /TASS/. Russian Prime Minister Dmitry Medvedev has signed a decree on providing seven state loan guarantees totally worth over 48 bln rubles ($757 mln) to six defense contractors, according to a respective document published on the government website Friday.

"Seven state loan guarantees totally worth 48.3 bln rubles are being provided to six organizations of the defense and industrial complex. The funds are stipulated by the 2016 federal budget," the document says.

The recipients are the Khrunichev State Research and Production Space Center (Moscow), Granit enterprise, Rostvertol, the United Aircraft Corporation, Irkut Corporation and Tactical Missiles Corporation.

The state support is aimed at helping implement the state military program for 2011-2020.

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