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Defense Industry Enterprises Write Off Debts - EastRussia | Far East

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The enterprises of the military-industrial complex will write off debts

The enterprises of the military-industrial complex will write off debts
Photo: pixabay.com

In Russia, enterprises of the military-industrial complex will write off part of the debts. This will be carried out at the expense of the budget and preferential restructuring of loans from leading banks of the country.

According to RIA News, the amount of debts of the defense industry exceeds two trillion rubles. Write off at least 600-700 billion rubles from them last summer proposed by Russian Deputy Prime Minister Yuri Borisov. He stated the need to reduce the load, as industrial enterprises have to spend all the money on servicing financial institutions.

According to the head of VTB Andrei Kostin, everything has already been decided. The corresponding decree of the President of the Russian Federation, which is closed in nature, has been adopted. Part of the debts will be written off due to the budget and preferential restructuring. Banks were satisfied with its conditions.