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Russian automobile industry to be funded by government till 2020
18.08.2012 12:38
Russian automobile industry to be funded by government till 2020

Russian automobile plants will get annual state support till 2020, reports Iterfax referring to the government direction.

The government plans to compensate partially costs of obtained till 2014 credits to the Russian automobile plants. A part of income on bonds issued by automobile producers till 2014, will be also funded from the state budget.

In the period of 2012 -2015 the government will spend 29.6 billion Rubles for supporting the automobile industry. 9.8 billion Rubles will be allocated in 2012, 7.6 billion Rubles in 2013, 6.6 billion Rubles in 2014 and 5.6 billion Rubles in 2015.

The total sum spent for the automobile industry till 2020 is not specified.

Photo: RIA News

Author: Irina Fomina

Tags: Russian car producers     

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