OREANDA-NEWS. May 22, 2009. By a joint decree the Ministry of Trade and the Ministry of Finance of Russia have allocated 2.218bln RUR to Russian exporters of industrial production.

The subsidies will cover the expenses undertaken by the companies to pay interest on loans borrowed from Russian credit organizations. 41 companies will receive the money.

Almaz-Antey Concern will get 697.17mln RUR, TVEL OJSC – 504.37mln RUR, Irkut OJSC – 208.77mln RUR, Sevmash OJSC – 103.59mln RUR, Raduga Design Bureau – 95.43mln RUR, Aviazapchast – 59.76mln RUR, Vega Concern – 57.03mln RUR, Izhmash – 44.74mln RUR, Kamov OJSC – 40.57mln RUR, Techsnabexport OJSC – 48.08mln RUR, Krasnoye Sormovo – 48.52mln RUR, Volzhky Tube Plant – 29.08mln RUR, Rostvertol OJSC – 3.53mln RUR.

In 2009 the exporter companies are planning to spend 6bln RUR on the repayment of interest on loans against 3bln RUR in 2008.