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Putin urges to more actively use state-private partnership instruments in aerospace sector

The president called for employing extrabudgetary and borrowed funds if possible

© Alexei Nikolsky/Russian Presidential Press and Information Office/TASS

NOVO-OGARYOVO, November 2. /TASS/. It is necessary to more actively use Public Private Partnership (PPP) instruments in Russia’s aerospace sector to meet the targets it is facing, President Vladimir Putin said at a meeting on space programs on Monday.

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"It is necessary to more actively use the instruments of Public Private Partnership to meet the targets that Russia’s aerospace sector is facing," he said.

The president called for employing extrabudgetary and borrowed funds if possible.

Meanwhile, "it is necessary to search for such possibilities, it is necessary to search for additional resources that will lower the sector’s dependence on budget financing and encourage its development, and will make it possible to solve the tasks set, particularly on marketing new commercially attractive products and services, more efficiently and in a more flexible way," Putin added.

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