Russian Protection Firms Are Dealing with A Credit score Crunch


© Sputnik / Sergey Mamontov

TASS: Russia’s protection corporations “ravenous” as they serve monetary establishments, says Deputy PM

Yuri Borisov expressed hope that the subsequent assembly of the protection fee in September 2019 would concentrate on the difficulty of loans for protection contractors

YEKATERINBURG, July 8. /TASS/. Russia’s protection contractors are compelled to be on a good funds because of the heavy debt burden, Deputy Prime Minister Yuri Borisov mentioned on the Innoprom worldwide industrial exhibition on Monday.

“The commercial sector that manufactures merchandise is ravenous because it providers monetary establishments that produce nothing and are solely meant to make sure the method of producing course of administration and product introduction. In the meantime, they (monetary establishments) have revenue multi-fold increased than producers,” he emphasised.

“We now have repeatedly requested President to scrub the mortgage portfolio. Numerous mechanisms could also be used,” Deputy PM added.

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WNU Editor: Russian corporations face credit score wants (and complications) similar to everybody else.


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