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Russia’s PM signs order on state guarantees for loans to defense producers

September 15, 2014, 12:51 UTC+3
State guarantees to defense and industrial enterprises are provided for a term of up to five years, Russian Prime Minister Dmitry Medvedev says
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© ITAR-TASS/Yuri Smityuk

MOSCOW, September 15. /ITAR-TASS/. Russian Prime Minister Dmitry Medvedev said on Monday he had signed a government resolution on new state guarantees for loans to defense producers.

“I have signed a government resolution on providing state guarantees to defense and industrial enterprises for a term of up to five years, when they manufacture products under the state defense order,” Medvedev told a meeting with vice-premiers.

Medvedev said he had signed the document on September 9, adding this was a fourth government resolution on state guarantees this year.

The Russian premier said state support would enable defense producers "to fulfill their obligations within the established deadlines even despite a tight budget".

Medvedev said that defense producers would be able to honor their commitments “with loans raised from extra-budgetary sources”, adding this practice had proved to be efficient.

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