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Russia government earmarks $3 bln to support industrial export

March 29, 2014, 10:14 UTC+3 MOSCOW
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MOSCOW, March 29. /ITAR-TASS/. The Russian government steps up state support for exports of domestic industrial products.

State guarantees amounting to three billion dollars are approved for 2014 to support exports of industrial goods, works and services.

The government resolution signed by Prime Minister Dmitry Medvedev lists measures to facilitate and speed up the procedure to provide such guarantees.

The total volume of state guarantees for obligations of foreign states is limited to one bln dlrs. A decision to provide such state guarantees is based on an analysis of the foreign state's solvency.

"The decisions are aimed at improving the mechanism to support Russian exporters of industrial products and expanding their presence on foreign markets," the cabinet said.

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