Russia's Aeroflot To Receive $985.5Mln State Loan Guarantees From Cabinet - Prime Minister
Fahad Shabbir (@FahadShabbir) Published July 14, 2020 | 01:00 PM
MOSCOW (UrduPoint News / Sputnik - 14th July, 2020) Russia's flag carrier Aeroflot will be granted 70 billion rubles ($985.5 million) state loan guarantees, Prime Minister Mikhail Mishustin told Aeroflot chief Vitaly Savelyev on Tuesday.
"I have signed a decree to provide the company with state guarantees for loans in the amount of 70 billion rubles," Mishustin said.
Savelyev said at the meeting that that the company was currently recovering after a very tough period of the coronavirus pandemic and relevant air travel restrictions. The Aeroflot CEO also expressed the belief that the Russian aviation industry would be restored quicker than the global industry.
Related Topics
Recent Stories
Finance Minister rules out rupee devaluation in talks with IMF
National team determined for good performance against New Zealand: Babar Azam
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 18 April 2024
Today Gold Rate in Pakistan 18 April 2024
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
Qatar PM says re-evaluating Israel-Hamas mediation role
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
Minister appreciate UAE’s support for Pakistan economic challenges
Manchester City v Real Madrid Champions League starting line-ups
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
Walker returns to captain Man City for Real Madrid clash
Action taken against price list violations in Khanewal district
More Stories From World
-
China sees 141 mln cross-border travels in Q1
9 minutes ago -
Number of S. Korea's farming households falls below 1 mln for 1st time
9 minutes ago -
Zhang Ziyi leads starry cast in Peter Chan's 1940s Shanghai thriller
9 minutes ago -
New Zealand to double renewable energy capacity to reduce emissions
9 minutes ago -
Chinese yuan strengthens to 7.1020 against USD Thursday
10 minutes ago -
Self-harm hospitalization rates three times higher for Australian teenagers than adults: report
10 minutes ago
-
China's archaeological site parks register strong revenue growth
19 minutes ago -
Flood-related casualties soar to 70 in Afghanistan
19 minutes ago -
New Godzilla x Kong film stays atop Chinese box office
19 minutes ago -
Australian unemployment rate rises to 3.8 percent in March
19 minutes ago -
Toyota to recall over 130,000 Prius hybrid cars due to door glitch
19 minutes ago -
22 injured after truck carrying pilgrims crashes in Myanmar's Yangon
19 minutes ago