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Eastern Economic Forum

NWF money not considered for USC support — Deputy Industry Minister

VTB Bank will receive 100% of USC shares held in federal property for fiduciary management over five years

VLADIVOSTOK, September 13. /TASS/. Allocation of money from the National Wealth Fund (NWF) to the United Shipbuilding Corporation (USC) as financial support from the government is not considered, Deputy Minister of Industry Viktor Evtukhov told reporters on the sidelines of the Eastern Economic Forum (EEF).

"NWF money will not be allocated directly to cover USC losses. Firstly, NWF money are repayable. Secondly, they are spent only to implement projects related to development and not to coverage of losses," the official said.

VTB Bank will receive 100% of USC shares held in federal property for fiduciary management over five years.

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Eastern Economic Forum

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Russian Embassy in Argentina monitors situation with malfunctioning ocean liner

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Scholz shares details of talks with Putin, Zelensky says

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Ukraine demolishes buildings with soldiers inside as Russian forces advance — DPR leader

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Russia works on transforming '3+3' platform into organization — senior diplomat

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Sending EU troops to Ukraine to make peace settlement impossible — Austrian lawmaker

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Lavrov clarifies Russia's position on Ukraine crisis to foreign diplomats — MFA

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Decision-making centers in Kiev could be targeted in Oreshnik strikes — Putin

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US funds 'Nazis, maniacs' in Ukraine, Israel — American journalist

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Bilateral exchanges between Russia, North Korea their own business — Chinese MFA

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Russia designs Titan rifle for commandos

The rifle is reliable with precise and dense fire

Russians wipe out three Ukrainian strongholds, over 20 Azov fighters in advance on Kharkov

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