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Resolution of May 31, 2021 No. 830

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Resolution of May 31, 2021 No. 830

Producers of powdered milk will have access to a new measure of state support – compensation for part of the direct costs incurred for the creation or renewal of facilities for processing agricultural products. The resolution on this was approved by the Prime Minister Mikhail Mishustin.

We are talking about reimbursement of up to 25% of the actual cost of a facility under construction or modernization. Previously, some farmers could already take advantage of this opportunity. Among them are those who are engaged in the processing of oilseeds or grains.

Comment

From the opening remarks by Mikhail Mishustin at an operational meeting with the Deputy Prime Ministers, June 7, 2021

The list of projects applying for compensation is presented by the regional authorities on the basis of applications received from agricultural producers. The final decision on the applicants is made by the Ministry of Agriculture.

The approved resolution will support farmers: it will allow them to reduce the payback period of investment projects and expand production capacity.

The signed document changes Government Decree of February 12, 2020 No. 137

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

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