ANNOUNCED AS TEMPORARYNo
ELIGIBLE FIRMSstate trading enterprise
Bailout (capital injection or equity participation)
Russian Prime Minister Vladimir Putin signed a ruling (Government Decree #1466-p issued 8 October 2009) to inject 3 billion rubles (67 million Euro) into Russian titanium producer VSMPO-Avisma.
The ruling is part of the program to develop the aircraft-building sector, the Industry and Trade Minister Viktor Khristenko said.
The company is the world's largest titanium product producer, with exports accounting for 80% of its sales. The world's largest aircraft-building companies are the key customers of VSMPO-Avisma.
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