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The government has increased subsidies to the defense industry for the production of civilian products – Rossiyskaya Gazeta

Date: October 11, 2024 Time: 16:53:11

The aid relates in particular to the production of ships, helicopters and aircraft, machinery and equipment, locomotives and metallurgical and chemical products.

The preferential lending program for the defense industry was launched in 2018 to provide such companies with long-term financing as part of production diversification. The minimum loan amount is 500 million rubles, the rate is 5% per annum. Projects with a budget of 1 billion rubles or more can apply for a loan on these terms.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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