State budget may resume partial subsidizing of interest rates on credits in 2013, RF Transport Ministry

State budget may resume partial subsidizing of ship owners’ interest rates on credits and lease payments obtained for shipbuilding projects as early as in 2013, IAA PortNews journalist cites Victor Olersky, Deputy Transport Minister of the Russian Federation, as saying at the international exhibition NEVA-2013. According to him the Ministry of Transport and the Ministry of Industry and Trade have come to an agreement on introduction of related amendments into the Budget of the Russian Federation for 2013.

Olersky says that Aleksey Rakhmanov, Deputy Minister of Industry and Trade, has backed this proposal and confirmed that it had been submitted to the Government for consideration.

The issue is in prolongation of the Government Decree No 383, terminated from January 1, 2013.