GOVERNMENT PLEDGES MONEY FOR AIRCRAFT INDUSTRY, BUT…

Publication: Monitor Volume: 2 Issue: 201

The Russian government presidium last week said it would set aside 9.3 trillion rubles for the troubled aircraft industry, but a Duma deputy cautioned that the money would have to be "squeezed out" of the new 1997 budget. Nikolai Gonchar said that — if the finance and economics ministers agree — 1.3 trillion rubles would go to research, 4 trillion to pay for leasing aircraft, and 4 trillion to renew the working capital of the plane builders. (Interfax, October 25)

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