ANNOUNCED AS TEMPORARYNo
On 9 September 2016 with Resolution No. 1887-p authorised the issuance of a state guarantee to the joint stock company Sozvezdie.
The state guarantee is at the amount of 1 billion RUB (15.59 million USD). Sozvezdie belongs to the Russian military-industrial complex. The state guarantee is to secure the obligations the company has to repay 100% of a loan it took in order to execute a state defence order. This measure forms part of the state armament programme for the period 2011--2020.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
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