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.
Recent Stories
Finance Minister rules out rupee devaluation in talks with IMF
30 minutes ago
National team determined for good performance against New Zealand: Babar Azam
2 hours ago
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 18 April 2024
3 hours ago
Today Gold Rate in Pakistan 18 April 2024
4 hours ago
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
13 hours ago
Qatar PM says re-evaluating Israel-Hamas mediation role
13 hours ago
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
13 hours ago
Minister appreciate UAE’s support for Pakistan economic challenges
13 hours ago
Manchester City v Real Madrid Champions League starting line-ups
13 hours ago
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
13 hours ago
Walker returns to captain Man City for Real Madrid clash
13 hours ago
Action taken against price list violations in Khanewal district
13 hours ago