Russia Promises $8.5 Billion To Defense Industry To Ensure Timely Deliveries
Russian Prime Minister Dmitry Medvedev announced yesterday that it will provide $8.5 billion in state guarantees to the defense industry.
This announcement comes in accordance with the national procurement program, to ensure weapons delivery on time.
“The resolution provides for the allocation of 40 state guarantees worth 265 billion rubles ($8.5 billion) for loans which will be granted to 26 companies from the defense and industrial complex,” Medvedev said.
The provision of state guarantees is the first this year, Medvedev said, stressing on the beneficial effects it would have on the economy as a whole.
State guarantees allow defense enterprises to obtain loans at a time when they face a shortage of working capital and have no other sources of financing, Medvedev said.
Romania Confirms Purchase of 32 F-35 Fighter Jets
Russia Launches Powerful ICBM at Ukraine’s Dnipro in First Recorded Combat Use...
General Atomics Completes Qualification Test for New 200-Horsepower Engine for Gray Eagle...
U.S. Army, Lockheed Martin Conduct Double Test of Precision Strike Missile
Russian Su-57 and Chinese J-20 as Alternatives to the American F-35 Stealth Fighter
As the Russian Su-57 stealth fighter jet enters serial production, the debate over how it stacks up against the American...
NATO’s Intensified Exercises a Prep to Attack Russia?
Recent NATO exercises such as the BALTOPS-24, Steadfast Defender 2024 and its first-ever Basic Fighter Maneuvers exercise have been its...
Precision in the Skies: The Evolution of Loitering Munitions
Loitering munitions - drones that hover over a target and blow up near it - have become the weapon of...
Is the Patriot Air Defense System Outdated?
After Israel revealed its decision to decommission its U
Russia's Growing Influence in Africa: Arms Sales and Military Bases
Russia's expanding influence in Africa, demonstrated by arms sales, military deployments, and diplomatic engagements, reflects a significant geopolitical shift on...