Uralvagonzavod’s debts rise to 43 billion RUR

22 June 2009 (13:08)

Uralvagonzavod Scientific and Production Association was given a four-billion-ruble state loan, Plenipotentiary Representative of Russian Federation President in Ural Federal District Nikolai Vinnichenko announced on June 18, 2009. This means that the enterprise’s total debt volume now comes to about 43 billion RUR.

Meanwhile, Uralvagonzavod’s General Director Oleg Sienko said in his interview to RBC daily that the plant’s top executives were considering the idea of launching an additional four-billion-ruble share issue, with shares to be sold to the state.

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