6 Oct 2009 13:28

Russian automotive cos have 100 bln rubles in debt

MOSCOW. Oct 6 (Interfax) - Russian automotive manufacturers have combined debt totaling 100 billion rubles, First Deputy Prime Minister Igor Shuvalov told journalists on Tuesday following a meeting of the economic development commission he chairs.

The 100-billion ruble figure is the debt "of all enterprises in the sector, the accumulated debt," Shuvalov said.

The debt issue "will be resolved together with development problems," he said. The money the companies need will be borrowed, including via the mechanism of state guarantees, he said.