OREANDA-NEWS. December 26, 2008.  The Russian government has posted on its website the list of strategically important enterprises approved by the committee in charge of improving stability of development of the national economy headed by Vice PM Igor Shuvalov. The list includes 295 enterprises which can count on various forms of state support. The list is available at the following link.

The government’s press service reported that this list is not comprehensive and can be adjusted based on a decision by the committee. In order to ensure constant monitoring of the financial and economic and social situation, the relative ministries are to set up working groups overseen by the Committee in charge of improving stability of development of the national economy with participation of spokespersons of the Economic Development Ministry, the Finance Ministry, the Regional Development Ministry, the partner bank, including Sberbank, VEB, VTB, Gazprombank and other lending institutions, the respective regional administration and the management of an enterprise. Based on the results of the monitoring, the working group will adopt either a plan on a company’s restructuring or a decision to continue monitoring. According to the press service, the fact that a company is placed on the list does not guarantee financial support. “The main task of working with these companies is to support their stability, using not only credit instruments but also other measures, such as state guarantees, subsidizing interest rates, restructuring taxes payable, state orders, customs and tariff policy, etc. In addition, when necessary, the social and economic consequences from termination of activities of such enterprises will be minimized”, the press release says.