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  • 2008 July 14 10:59

    Government might help out Sevmash

    During his visit to Severodvinsk, Arkhangelsk Oblast, last Friday, Prime Minister Vladimir Putin said that the government will help crisis-ridden shipyard Sevmash overcome its financial problems.

    Mr. Putin who visited Arkhangelsk city and Severodvinsk on 11 July, during his stay confirmed that the government has decided to come up with a rescue package for the huge state-owned Sevmash yard.
    The premier said that government will guarantee for a 6 billion RUB loan and that the plant will get several new orders from the military.
    -We are also ready to take additional action with will positively influence the salary level in the company, Putin said, newspaper Vesti Pomorya reports.
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