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Resolution of April 6, 2021 No. 548

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Resolution of April 6, 2021 No. 548

Even more residents of the Far Eastern Advanced Development Areas (TOP) and the Free Port of Vladivostok (FPV) will be able to receive soft loans. The resolution on this was approved by the Prime Minister Mikhail Mishustin.

Now loans on special terms are issued for investment projects worth from 10 million to 2.5 billion rubles each (excluding VAT). Previously, the thresholds were 30 million and 1.5 billion, respectively. At the same time, if concessional financing is requested for the implementation of several initiatives at once, their total cost can reach 5 billion rubles (previously – 3 billion).

Due to government subsidies, the rate on such loans is adjusted by the value of the key rate of the Central Bank, so that entrepreneurs spend less money on loan repayment. The measure of support is offered to companies with the status of a resident of the ASEZ or FPV and implementing projects in the Far Eastern Federal District.

The decision made will make concessional financing more accessible, will increase the investment attractiveness of the region and create new jobs in priority sectors of the economy.

The signed document changes Government Decree of December 25, 2019 No. 1818.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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