Dec 31, 2010

Uralvagonzavod returned to the State bank guarantee

State support in the form of loan guarantees of 10 billion rubles provided to the research and production corporation Uralvagonzavod in 2010, allowed the corporation through a period of global economic slowdown and gave a strong impetus to the development of not only the companies of the group, but its subcontractors and partners . Under the state guarantees were obtained loans to VTB in the amount of 3 billion rubles in the Urals Bank of Sberbank of Russia in the amount of 4.897 billion rubles in the Bank of Moscow - 3,5 billion

Recognizing its responsibility to the state, the corporation Uralvagonzavod the end of 2010 fully restored state guarantees. In December, government guarantees were withdrawn from support, including loans from the Bank of Moscow and VTB were repaid in full.

Thus justified the confidence of the State: Early returned to the Russian budget of 10 billion rubles and ensure smooth operation of the corporation.

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