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MIL OSI Translation. Region: Russian Federation –

Issues on the development of mechanisms for subsidizing the growth of the cost of metallurgical products for manufacturers of metal-intensive products were discussed.

First Deputy Prime Minister Andrei Belousov held a meeting with the participation of representatives of metal-intensive industries on the situation caused by the rise in prices for metal products.

The discussion was attended by the President of JSC Transmashholding Andrey Bokarev, Chairman of the Board of Directors of JSC Transmashholding Dmitry Komissarov, General Director of JSC USC Alexey Rakhmanov, General Director of JSC Petersburg Tractor Plant Sergey Serebryakov, Deputy General Director of PJSC KamAZ Mikhail Matasov, representatives of the Ministry of Industry and Trade, the Ministry of Finance, the Ministry of Economic Development.

The meeting discussed the issues of additional costs of industries producing metal-intensive industrial products, an assessment of the volume of financial losses of these industries from rising metal prices, possible support measures and the amount of compensation.

Following the meeting, the Ministry of Industry and Trade, together with the Ministry of Finance, was instructed to work with industry representatives within two weeks and submit proposals to the Government on mechanisms for subsidizing metal-intensive products manufacturers, paying special attention to state and municipal contracts.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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