- Home
- World
- RPT - Russian Private Arms Factory Asks for Gov't Support Amid COVID-19 Epidemic - Manufacturer
RPT - Russian Private Arms Factory Asks For Gov't Support Amid COVID-19 Epidemic - Manufacturer
Faizan Hashmi Published April 05, 2020 | 11:10 AM
MOSCOW (UrduPoint News / Sputnik - 05th April, 2020) Russian private arms company ORSIS, which is suffering serious losses due to the coronavirus outbreak, has requested the Moscow Mayor's Office and the Russian government to waive taxes and provide soft loans for the period of self-isolation, Vladimir Zlobin, the company's general director, told Sputnik.
One of the manufacturer's major developments is the Precision sniper weapon system based on the T-5000 rifle, a breakthrough weapon that meets all modern demands. The rifle is intended as a weapon for counterterrorism and specialized sniper military units, including the Precision project.
"Coronavirus has a very negative effect on the small arms industry.
Clients are suspending testing and procurement activities, revenues are dropping by hundreds of times in percentage terms. To 'survive' in this situation, we have appealed to the Russian government and Moscow Mayor's office asking for tax suspension for the period of self-isolation and assistance in obtaining soft loans," Zlobin said.
The ORSIS general director noted that all private enterprises of the Russian small arms industry are now facing the same problem, adding that the worst stagnation in the domestic small arms market in its history is yet to come in light of the current COVID-19 situation.
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From World
-
Togo lawmakers approve contested political reform
6 hours ago -
NATO must choose 'whether we indeed are allies': Zelensky
6 hours ago -
US House to vote on Ukraine, Israel, Taiwan aid package
6 hours ago -
Calls for calm after reported Israeli strike on Iran
7 hours ago -
IMF calls on EU to deepen single market integration to boost growth
7 hours ago -
Second Ecuadoran mayor killed ahead of anti-crime referendum: police
7 hours ago
-
Oil, gas drilling blocked in Alaska wilds as Biden seeks green cred
7 hours ago -
Man sets self on fire outside Trump trial
7 hours ago -
Turkey's Freedom Flotilla ready to set sail for Gaza
9 hours ago -
French teen dies from heart failure after knife attack near school
9 hours ago -
Iranians appear unfazed by Isfahan blasts
9 hours ago -
Ecuador mayor killed ahead of anti-crime referendum: police
9 hours ago