Rosmorrechflot comes out for replacement of shipbuilding subsidies with cheap financing

Federal Marine and River Transport Agency (Rosmorrechflot) comes out for replacement of shipbuilding subsidies with cheap financing. According to IAA PortNews correspondent that was announced by Victor Olersky, Deputy Transport Minister of the Russian Federation – head of Rosmorrechflot, at the meeting hosted by Admiralteiskie Verfi shipyard in the framework of the zero-day of the St. Petersburg International Economic Forum (SPIEF 2018).

According to him, subsidies covering part of interest rates on loans and lease payments make ship owners dependent on financial periods while providing of cheap financing will let escape this problem.