Russia to support shipbuilding industry

Russia will prepare a law to support shipbuilding industry by next week, Vice Prime Minister Sergey Ivanov said Sunday while inspecting the construction of maritime terminal on Kunashir Island in Russia's Far East.

According to the RIA Novosti report, the document will include a number of measures aimed at economical support of the sector, among them interest rate subsidies and other financial measures.

Besides, the law will make provisions for measures aimed at ship owner's advantages in building ships at domestic shipyards.

Ivanov has visited Iturup and Kunashir Islands as a part of his working trip to Far Eastern Federal District.

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