ANNOUNCEMENT 08 Oct 2009

In October 2009, the government of Russia announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 08 Oct 2009 | Removal date: open ended
Still in force

Bailout (capital injection or equity participation)

Russian Prime Minister Vladimir Putin signed a ruling (Decree # 1465-p issued 8 October 2009) to inject 1.98 billion rubles (45 million Euro) into government-controlled defense company Oboronprom. The ruling is part of the program to develop the aircraft sector which was announced in the "Programme of the long term socio-economic development of the Russian Federation until 2020" (Government Decree # 1662-p from 17 November 2008).

Oboronprom includes producers of helicopters, gas turbine engines, and air defense systems.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A