5 Russian shipbuilding enterprises to get loan subsidies
The list of Russian enterprises, which are to get subsidies on loans taken out for production of export goods has been approved, RF Ministry of Industry and Trade reports. The list comprises a number of shipbuilding companies - Volgograd Shipyard OJSC, Zelenodolsk Plant named after M. Gorky OJSC, Sevmash OJSC, Krasnoye Sormovo Shipyard OJSC, Okskaya Sudoverf OJSC. On January 30, 2009, the RF Ministry of Industry and Trade and the Ministry of Finance took a joint decision No 29/50 to distribute RUR 1.5 bln between 24 companies exporting their products. Applications for additional RUR 1.2 bln are in the process of development. All in all RUR 6 bln will be allocated for such purposes in 2009.