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

SOURCE



Government Decree #1466-p issued 8 October 2009


Inception date: 08 Oct 2009 | Removal date: open ended
Still in force

Capital injection and equity stakes (including bailouts)

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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AFFECTED PRODUCTS