Loading...
Title : Russian Defense Companies Are Facing A Credit Crunch
link : Russian Defense Companies Are Facing A Credit Crunch
Russian Defense Companies Are Facing A Credit Crunch
© Sputnik / Sergey Mamontov
TASS: Russia’s defense companies "starving" as they serve financial institutions, says Deputy PM
Yuri Borisov expressed hope that the next meeting of the defense commission in September 2019 would focus on the issue of loans for defense contractors
YEKATERINBURG, July 8. /TASS/. Russia’s defense contractors are forced to be on a tight budget due to the heavy debt burden, Deputy Prime Minister Yuri Borisov said at the Innoprom international industrial exhibition on Monday.
"The industrial sector that manufactures products is starving as it services financial institutions that produce nothing and are only meant to ensure the process of manufacturing process management and product introduction. Meanwhile, they (financial institutions) have profit multi-fold higher than manufacturers," he emphasized.
"We have repeatedly asked President to clean the loan portfolio. Various mechanisms may be used," Deputy PM added.
Read more ....
WNU Editor: Russian companies face credit needs (and headaches) just like everyone else.
© Sputnik / Sergey Mamontov
TASS: Russia’s defense companies "starving" as they serve financial institutions, says Deputy PM
Yuri Borisov expressed hope that the next meeting of the defense commission in September 2019 would focus on the issue of loans for defense
Loading...
contractors
YEKATERINBURG, July 8. /TASS/. Russia’s defense contractors are forced to be on a tight budget due to the heavy debt burden, Deputy Prime Minister Yuri Borisov said at the Innoprom international industrial exhibition on Monday.
"The industrial sector that manufactures products is starving as it services financial institutions that produce nothing and are only meant to ensure the process of manufacturing process management and product introduction. Meanwhile, they (financial institutions) have profit multi-fold higher than manufacturers," he emphasized.
"We have repeatedly asked President to clean the loan portfolio. Various mechanisms may be used," Deputy PM added.
Read more ....
WNU Editor: Russian companies face credit needs (and headaches) just like everyone else.
YEKATERINBURG, July 8. /TASS/. Russia’s defense contractors are forced to be on a tight budget due to the heavy debt burden, Deputy Prime Minister Yuri Borisov said at the Innoprom international industrial exhibition on Monday.
"The industrial sector that manufactures products is starving as it services financial institutions that produce nothing and are only meant to ensure the process of manufacturing process management and product introduction. Meanwhile, they (financial institutions) have profit multi-fold higher than manufacturers," he emphasized.
"We have repeatedly asked President to clean the loan portfolio. Various mechanisms may be used," Deputy PM added.
Read more ....
WNU Editor: Russian companies face credit needs (and headaches) just like everyone else.
Thus articles Russian Defense Companies Are Facing A Credit Crunch
that is all articles Russian Defense Companies Are Facing A Credit Crunch This time, hopefully can provide benefits to all of you. Okay, see you in another article posting.
You now read the article Russian Defense Companies Are Facing A Credit Crunch with the link address https://welcometoamerican.blogspot.com/2019/07/russian-defense-companies-are-facing.html
0 Response to "Russian Defense Companies Are Facing A Credit Crunch"
Post a Comment