Khrunichev Center's debt sheds tens of billions of rubles -Rogozin
MOSCOW. Oct 3 (Interfax) - The debt of the Khrunichev Center has decreased by several tens of billions of rubles in the past year, Roscosmos head Dmitry Rogozin told reporters on Thursday.
"Whereas the Khrunichev Center owed 117 billion rubles last year, I mean fines, loans and an operating deficit, we have managed to reduce this debt by several tens of billions of rubles in the past year," Rogozin said, adding that the exact figures would be known at the end of the year.
The Khrunichev Center accrued this debt because of "its production logistics that exists at enterprises and doesn't allow them to manufacture these products with a sufficient production cost and have a necessary margin that would help ensure production depreciation and further development," he said.