Russian airports to receive financial injection from state budget

21 May 2020

The Russian government has put together a draft proposal for providing airports in the country’s airport with subsidies of over 10 bln rubles. Minister of Transport Yevgeny Dietrich said he was optimistic the draft could be approved by the end of May. “The draft government decree, which we already wrote on this subject after May 7, according to my information, went for approval by the departments. And I expect that we can approve it before the end of May,” he declared.

The 10 billion ruble support package is supposed to tide the airports over until July, at which point they are likely to need another 30 billion rubles. Earlier, the Russian government allocated 23.4 billion rubles to the Federal Air Transport Agency from the reserve fund for subsidies to Russian airlines affected by the coronavirus pandemic.

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