ANNOUNCEMENT 11 Aug 2014In August 2014, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
With Order 1502-p of August 11, 2014, were provided nine state guarantees totalling not more than 35 billion roubles (ca. 0.96 billion USD) related to loans of the local open joint stock company "KAMAZ". The purpose of the state support is to enhance the development of the domestic engineering sector.