MOSCOW: ‘ Russia and China Sign Contract in October for Airliner Design’

#AceFinanceNews – MOSCOW (Gorki) – September 08. /ITAR-TASS/. Russia and China will sign a contract in October for drawing up an engineering design for a long-haul wide-bodied airliner, Russia’s Vice Premier Dmitry Rogozin announced on Monday.

When speaking at a Vice-Premiers’ meeting held by Head of Government Dmitry Medvedev, Rogozin said, “In October, we must reach out to signing already an engineering design together with our Chinese counterparts through the channels of the United Aircraft-building Corporation for a long-haul wide-bodied passenger airliner. The market in China (in this respect) is rather vast, and this renders this kind of production profitable in principle”.

Considering that almost 80% of long-haul civil airliners in Russia are imported, the implementation of a joint project with China must be started immediately, Rogozin pointed out.

“On the whole, the potential of Russia’s aircraft building industry is considerable enough,” the Vice-Premier said.

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` Central Bank of Russia will Support Banks through the Setting-Up of New Refinancing Programs ‘

#AceFinanceNews – GORKI – April 08 – The Central Bank of Russia will support banks through the setting up of new refinancing programs with terms up to three year for the implementation of high-efficient investment projects, Finance Minister Anton Siluanov told reporters summing up results of Tuesday’s meeting with the prime minister.

Participants in the meeting focused on the development of the Russian banking system.This step will guarantee more resources to the banking system without the hike in the cost of borrowings, and without the growth of rates on the banking market, Finance Minister Anton Siluanov says.

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