Russia to introduce package of support measures for metallurgical industry

The Russian Ministry of Industry and Trade, together with banks and enterprises, is developing a set of measures to stabilize the financial situation of ferrous metallurgy companies that are facing a high debt burden amid rising interest rates.

The list of support measures will include deferrals of loan payments, loan restructuring, and maintaining current lending conditions. This was reported by the press service of the department. The Ministry of Industry and Trade specified that, together with partner banks, mechanisms for deferring loan payments and restructuring the debt burden