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Caucasus/Russia/Central Asia
The military-industrial complex will require more subsidies
2023-08-11
Direct Translation via Google Translate. Edited.

Text taken from an article which appeared in lenta.ru. Commentary by Russian military journalist Boris Rozhin is in italics.

[ColonelCassad] The rules for supporting strategic enterprises of the military-industrial complex (DIC) of Russia need to be adjusted in order to avoid the threat of a decrease in the output of military products due to the bankruptcy of the plant. This is stated in the draft government decree, published on the federal portal of draft regulatory legal acts.

Currently, as Kommersant notes, a special government commission cannot allocate a subsidy if a bankruptcy case has been initiated against an enterprise. The Ministry of Industry and Trade, the author of the project, proposes that such a norm be considered excessive.

According to the department, the restrictions make it difficult to save uninterrupted production. The company is unable to pay wage arrears, taxes and other obligatory payments, which means that it inevitably reduces the output of military products.

An additional argument in favor of increasing support in the ministry called cases when creditors abuse the right to file a bankruptcy claim. The authors of the initiative do not talk about the scale of the problem, but they emphasize that the deterioration in the state of defense industry enterprises was largely due to a decrease in workload, which, on the contrary, has now increased.

Forward Legal lawyer Oleg Sheikin noted that state funding, as practice shows, is not always used for the intended purpose. This means that the active distribution of subsidies to enterprises that are in a pre-bankruptcy state may result in an increase in the number of prosecutorial inspections later.

Earlier it was reported that since the beginning of August, the Rostec State Corporation has had an internal order that prohibits key employees from going on vacation. This is due to the need to fulfill the state defense order.

Suddenly, the market did not decide again.

Posted by:badanov

#1  With so many four star generals advancement requires political connections; for example, Mark Millie. So this administration has it's compliance drones in place.
Posted by: Dale   2023-08-11 03:46  

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