Defense Industry to Get $8.5 Bln State Guarantees – Medvedev

"The resolution [signed by Medvedev] provides for the allocation of 40 state guarantees worth 265 billion rubles for loans which will be granted to 26 companies from the defense and industrial complex,” Medvedev said.

The provision of state guarantees is the first this year, Medvedev said, and stressed the beneficial effects it would have on the economy as a whole.

"Everything invested in the defense industry has an influence on industry. Actually, the defense sector helps boost adjacent industries,” he said.

State guarantees allow defense enterprises to obtain loans at a time when they face a shortage of working capital and have no other sources of financing, Medvedev said.