Russia supports Uralvagonzavod
The Russian government is providing financial support to state-owned tank manufacturer Uralvagonzavod.
Loss-making business activities have resulted in the company developing a debt load of RUB170 billion despite revenue of RUB127.5 billion ($1.3 billion) in 2014.
Moscow is ploughing RUB16.7 billion ($300 million) into Uralvagonzavod to keep it main research and development and production programmes going.
In addition to state guarantees, Uralvagonzavod hopes to receive state funds worth RUB35.2 billion for recapitalisation.
According to Oleg Siyenko, director general of Uralvagonzavod, the provision of state guarantees will allow the company to implement its investment projects in full, and in particular to
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Land Warfare
-
![KNDS points RCH 155 towards longer-range artillery future]()
KNDS points RCH 155 towards longer-range artillery future
KNDS Deutschland has fitted a tracked RCH 155 with a new KNDS France 155mm/58cal ordnance, opening a potential path towards significantly longer-range artillery and a future beyond the current NATO standard.
-
![Air defence offerings multiply in anticipation of emerging requirements]()
Air defence offerings multiply in anticipation of emerging requirements
Air defence and counter-drone weapons continue to be developed, tested and demonstrated in anticipation of growing demand, with most solutions designed to be platform-agnostic and readily integrated onto suitable platforms.
-
![BAE Systems looks beyond the M113 replacement as it tests 30mm AMPV]()
BAE Systems looks beyond the M113 replacement as it tests 30mm AMPV
The development demonstrates how the platform could provide additional firepower and growth potential while the US Army progresses its long-term replacement for the Bradley.
