The Government of the Russian Federation will additionally allocate over 60 billion rubles in loans for the agricultural sector.

This will allow the support of at least 48,000 previously issued loans. One of the key factors of financial stability in the agricultural sector is the mechanism of concessional lending. In total, around 190 billion rubles have been allocated in the federal budget this year for its implementation. This was announced by the Prime Minister of the Russian Federation, Mikhail Mishustin, at a government meeting. "To further increase the pace in the agricultural sector, it is important to prevent an increase in interest rates on such loans. To this end, we will additionally allocate over 60 billion rubles to credit organizations for subsidizing concessional liabilities, which will allow the support of at least 48,000 previously issued loans. These were taken not only for the production and processing of agricultural raw materials, but also for the production of veterinary medicines, the purchase of domestic equipment," he said. "We expect that the decision taken will contribute to the ...