MIL OSI Translation. Region: Russian Federation –
Farmers who have suffered losses in 2020 due to African swine fever or highly pathogenic avian influenza will be given the opportunity to extend the maturity of soft loans. This resolution was approved by the Prime Minister Mikhail Mishustin.
We are talking about investment loans at a rate of up to 5%, which are issued for the development of animal husbandry. In addition, borrowers who have received them for the construction, reconstruction or modernization of enterprises for deep processing of agricultural raw materials will be able to roll over previously taken loans.
To take advantage of this opportunity, the agricultural producer must conclude an additional agreement with the bank that issued the preferential loan. According to the document, the loan term, taking into account the prolongation, should not exceed 12 years.
The decision will support agricultural companies affected by African plague and bird flu, help them complete investment projects and ensure uninterrupted food supplies to the market.
The document will be published.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.