ANNOUNCEMENT 30 Dec 2014In December 2014, the government of the Russian Federation announced a change in private-sector financial support.
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On 30 December, 2014, the Government of the Russian Federation approved (according to Order Nr. 2789-p) the issuance of a state guarantee at the amount of USD 600 million. It is related to loans extended in 2014 to the Russian company "Sukhoi Civil Aircraft" with maturity of not more than 12 years in connection with the financing of Sukhoj Superjet 100(the latter project being approved with Decree Nr. 1344 of 10 December 2014.)
The concrete purpose of the state guarantee is to secure the repayment of the loans, starting from 1 January 2017. As stated in the legal act, the extended state guarantee will reduce the financial burden and will provide stable funding for the serial production of the aircraft "Sukhoi Superjet 100" under contracts with Russian and foreign airlines.