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Russia's defense industry

Russia’s sole manufacturer of armored vehicles may grind to a halt over debts

Kurganmashzavod produces seven modifications of infantry fighting vehicles purchased by three dozens of countries and standardized chassis for various armament systems

© Aleksandr Alpatkin/TASS

YEKATERINBURG, December 29. /TASS/. Russia’s Kurganmashzavod, the country’s sole manufacturer of infantry fighting vehicles, is balancing on the brink of full stoppage over debts for natural gas consumption.

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Kurganmashzavod, which is part of Tractor Plants Group, has been able to repay only about 20 million rubles ($280,000) out of a total debt of 55.5 million rubles ($780,000) to Gazprom mezhregiongaz Kurgan, a subsidiary of gas monopoly Gazprom.

"Considering the payment, which has been made, and also a guarantee letter provided to Gazprom mezhregiongaz Kurgan on further debt payment, no new restrictions on gas supplies to the enterprise in 2015 are planned," the gas supplier’s press office told TASS.

Kurganmashzavod produces seven modifications of infantry fighting vehicles purchased by three dozens of countries and standardized chassis for various armament systems.

Kurganmashzavod signed a long-term contract with Russia’s Defense Ministry in 2015 on the delivery of several hundred modernized IFVs to the Russian Army.

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Russian defense industry

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Kremlin clarifies notification process for Oreshnik missile launch

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Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

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Over the day, the enemy lost more than 150 people, while five Ukrainian servicemen surrendered

Kremlin confident Putin's statement got through to US administration

Russian President Vladimir Putin said on November 21 that the United States and its NATO allies had earlier announced that they would authorize Ukraine’s use of long-range weapons to hit inside Russia, after which American and British missiles struck Russian military facilities in the Kursk and Bryansk regions