ANNOUNCEMENT 18 Aug 2009

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

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



the Government Decree # 1165-p from 18 August 2009


Inception date: 18 Aug 2009 | Removal date: open ended
Still in force

Capital injection and equity stakes (including bailouts)

Russian Prime Minister Vladimir Putin signed a ruling (the Government Decree # 1165-p from 18 August 2009) to inject 3.2billion rubles into the charter capital of Sukhoi Company (JSC) (Russian aircraft holding company).
 
Sukhoi Company (JSC) (http://www.sukhoi.org/) is Russia's major aircraft holding company, employing more than 29,000 people. Among the holding's members are leading Russian design bureaus and aircraft production plants. The Company supports a complete cycle of work in aircraft engineering: from frontend engineering to comprehensive aftersales support. The holding's products, such as Su- marque combat aircraft, are state-of-the-art weapons systems in the global market, which form the backbone of the frontline aviation of Russia and tactical air forces of many other countries. The Company is Russia's major manufacturer of export aircraft, placed 3rd in the world in terms of the numbers of modern fighters produced. The Company is currently implementing promising programmes in the field of military and civil aircraft engineering.
 
The aircraft industry is one of the strategic for the development until the year 2020 according to the "Long term concept of socio-economic development of the Russian Federation until 2020" (Government Decree from 17 November 2008 #1662-p).
 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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