The Russian government will subsidize the National Guard’s purchase of hundreds of armored vehicles and natural gas cars from firms controlled by the sanctioned oligarch Oleg Deripaska, according to a newly passed decree.
Deripaska was named in a list of sweeping U.S. sanctions against major Russian businessmen and structures last April for “malign activities.” The U.S. Treasury Department extended the deadline for Deripaska to reduce his holdings in EN+, Rusal and the car manufacturer Gaz PAO by Jan. 7, 2019.
A decree on the government’s legal portal allocates 2 billion rubles ($30.2 million) for 600 National Guard vehicles and 1.5 billion rubles for the Industry Ministry to buy 1,500 natural gas cars from firms belonging to Gaz.
An explanatory note states that the purchase “will allow an increase in production capacity among sanctioned companies and address national security challenges.”
All 3.5 billion rubles will be allocated from Russia’s rainy-day Reserve Fund that was merged with the National Welfare Fund (NWF) and disbanded as of Jan. 1.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
