The order was signed by the Chairman of the Government of the Russian Federation Mikhail Mishustin. At an operational meeting with deputy prime ministers on October 2, 2023, Mikhail Mishustin commented on the new support measure: “The funds will be used to subsidize loans provided to agricultural enterprises for the production and processing of agricultural products. The need for additional financing is associated with an increase in the key rate of the Bank of Russia in the second half of 2023. At the end of September, 45 billion rubles had already been allocated from the reserve fund of the Russian Government for these purposes. The funds provided for by the new decree will be allocated from the federal budget. Thus, in total this will be 55 billion rubles, which will allow subsidizing at least 40 thousand preferential loans this year. The decisions made will help not only to service the current ...
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