Directive 833-r
Reference
The Directive has been prepared by the Ministry of Finance under the rules on providing state guarantees for loans taken out by defence enterprises to implement the state defence order in 2011-2013. The rules were adopted by Government Resolution No. 1215 of December 31, 2010.
Implementation of the Directive will make it possible to execute the state defence order within the spending limits established by the federal budget with the help of loans taken out by defence enterprises with state guarantees for up to 5 years. State guarantees cover up to 100% of loans taken out to implement the state defence order on the basis of state contracts.
The Directive is the first Government act this year on providing state guarantees.
In 2013, 40 state guarantees will be provided under the Directive for a total of 265.67 billion roubles in loans taken out by 26 defence enterprises:
- Tsentr Sudoremonta Zvyozdochka – 3 guarantees for a total of 22.76 billion roubles;
- P.O. Sevmash – 2 guarantees for a total of 25.19 billion roubles;
- United Shipbuilding Corporation – 3 guarantees totalling 62.19 billion roubles;
- TsKB Rubin – 1 guarantee for 4.27 billion roubles;
- Khrunichev Space Research and Production Centre – 2 guarantees for a total of 3.2 billion roubles;
- Mints Radio-Technical Institute – 2 guarantees for a total of 2.68 billion roubles;
- Kontsern Radio-Technical and Information Systems (KONTSERN RTI SISTEMY) – 2 guarantees for a total of 2.68 billion roubles;
- Academician Berg Central Research Radiotechnical Institute – 1 guarantee for 0.64 billion roubles;
- Frunze KB Arsenal - 1 guarantee for 0.68 billion roubles;
- Corporation Moscow Institute of Thermal Technology - 2 guarantees for a total of 45.95 billion roubles;
- Almaz-Antei – 2 guarantees for a total of 10.27 billion roubles;
- Academician M.F. Reshetnev Information Satellite Systems – 2 guarantees for a total of 10.02 billion roubles;
- Kometa Special Purpose Space Systems – 1 guarantee for 3.01 billion roubles;
- NPK NIIDAR (Long-haul Radio Scientific Research Institute Open Joint Stock Company) – 1 guarantee for 1.36 billion roubles;
- Rosvertol – 3 guarantees for a total of 12.85 billion roubles;
- KUMAPP air construction enterprise – 1 guarantee for 0.86 billion roubles;
- Kazan Helicopters – 1 guarantee for 2.2 billion roubles;
- Ulan-Ude Aviation Plant – 1 guarantee for 2.99 billion roubles;
- Arsenyev Aircraft Co Progress – 1 guarantee for 7.6 billion roubles;
- Irkut Corporation – 2 guarantees for a total of 12.59 billion roubles;
- Nizhny Novgorod Sokol Aircraft-Building Plant – 1 guarantee for 2.41 billion roubles;
- Sukhoi Aviation Holding Company – 1 guarantee for 0.53 billion roubles;
- NPK KBM – 1 guarantee for 12 billion roubles;
- Severnaya Verf (Northern Shipyard) – 1 guarantee for 8.3 billion roubles;
- TsSKB Progress space centre – 1 guarantee for 3.74 billion roubles;
- Lavochkin Research and Production Centre – 1 guarantee for 4.71 billion roubles.
The document will make it possible for defence enterprises to take out loans with state guarantees in order to implement state defence order without putting up additional collateral.
This support measure is intended to expand defence enterprises’ opportunities to secure non-budgetary sources of funding (loans) to carry out state tasks related to execution of the state defence order when federal funding is received in the form of deferred payments.