Russian economy scramble as Putin forks out £28m to support shipbuilding | World | News

The Russian government had to allocate 2.96 billion rubles (£ 28 million) to support the country’s shipbuilding industry against a worsening economic picture. According to the Russian news agency Interfax, cash pot is to compensate for some of the previously augmented loans to rent and purchase civilian ships. Emir was signed by Russian Prime Minister Mikhail Mishustin: in order to prevent the impact of the deteriorating economic situation on the development of the shipbuilding industry in connection with the increase in the key [interest] Ratio of Russian Bank. “

Funds will be allocated to the Ministry of Industry and Trade within the framework of “ships and ship equipment production” and will be used to compensate for the costs of Russian companies to pay interest rates to loans issued between 2009-2025. This money will be used to pay under the contracts determined in these years.

In addition, funds will be allocated to subsidize the costs of contracts to purchase ships from Russian leasing companies with installments between 2022 and 2023.

The measure “will ensure the fulfillment of obligations within the scope of 70 credit, rental and installment purchasing and sales agreements, which previously resulted in 2025.” Says authorities.

In May, the Russian government announced a great plan to build hundreds of new civilians by 2050.

The schema will also aim to increase shipbuilding and increase the general workforce in the maritime field.

Reported then Open Sea Energy Kremlin plans to spend more than 500 billion rubles (£ 4.7 billion) in federal financing in the next six years.

At the beginning of this month, it was announced that the Russian ship Krasnoye Sormovo, a part of the approved state company United Shipbuilding Corp (USC), was arranged for a great modernization plan.

The total investment features 7.5 billion rubles (£ 71.1 million), referring to Andrey Puchkov, General Manager of USC.

“We made its first investment decision in April. It was allocated more than 1 billion for this year,” he said. Headlights.

“These funds will be used in various fields: the repair of the existing infrastructure, the improvement of working conditions for the team and the purchase of new equipment.”