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    Putin Orders to Ensure Long-Term Government Support for Civil Shipbuilding

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    Russian President Vladimir Putin has asked the government to ensure a long-lasting state support for civil shipbuilding, the Kremlin press service said Saturday.

    MOSCOW (Sputnik) – Putin ordered to extend the term of giving subsidies to Russian companies to compensate part of their expenses on paying interests on loans for buying ships as well as lease payments, the press service specified.

    The government was also tasked with compensating companies’ expenses on buying new ships instead of those utilized.

    The Cabinet should prepare a report on the issue until January 15, 2017.

    Putin has also tasked the Russian government to elaborate a plan on installation of satellite navigation equipment based on Glonass system on Russian vessels, a document published on the Kremlin website on Saturday said.

    “With a view to ensuring the safety of navigation, to develop a comprehensive plan for promotion of the use of electronic navigation charts for inland waters and installation of satellite navigation equipment based on Glonass system for inland and mixed (river — sea) navigation vessels,” the list of instructions issued by the president following the State Council meeting devoted to development of inland waterways said.

    The Glonass project, which was launched in 1993, is considered to be Russia's answer to the United States' GPS (Global Positioning System). The Glonass network operated by the Russian Aerospace Forces, consists of 27 satellites, 24 of which are operational. The system allows real-time positioning and speed data for surface, sea and airborne objects around the world.

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    shipbuilding, Vladimir Putin, Russia
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