The cost of loans in Russia exceeds the profitability of industrial enterprises several times over. This was stated by the head of Rostec, Sergey Chemezov.
According to him, money costs more for industry than it can afford to earn, and profit often does not cover the cost of the loan.
Over the past 11 years, the profitability of the manufacturing industry has been at the level of about 6.3% with an average annual lending rate of 10.6%.
Expensive loans are the key reason why the state corporation had to freeze the construction of three green power plants out of five, which generate energy by burning municipal waste - two in the Moscow region and one in Kazan, until better times.
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