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MIL OSI Translation. Region: Russian Federation –

Order of September 16, 2021 No. 2578-r

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Order of September 16, 2021 No. 2578-r

It will become easier for Russian exporters of agricultural products to attract financing due to the allocation of additional budgetary funds for lending to the agricultural sector. The order was signed by Prime Minister Mikhail Mishustin.

We are talking about budget investments in the amount of 10 billion rubles. The funds provided by the Government will go to the authorized capital of the state Rosselkhozbank – the main creditor of domestic agricultural enterprises.

This will allow the bank to increase the volume of loans, including under preferential programs that provide for subsidizing the interest rate.

The decision made will help to bring the volume of lending to exporters to agrarians in 2021 to 196.8 billion rubles, which in turn will serve to fulfill the goals of the federal project “Export of agricultural products”.

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

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