Additional billions are allocated to farmers from the reserve fund of the Russian Government

Updated Sep 26, 2023
The Russian government has allocated another 45 billion rubles to provide preferential loans to farmers.
An additional 45 billion rubles will be allocated to support the preferential lending program for agricultural producers. This will allow subsidizing more than 40 thousand loans. This order was signed by the Chairman of the Government of the Russian Federation Mikhail Mishustin. The allocated 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. The source of funds was the reserve fund of the Government of the Russian Federation. The preferential lending program for farmers was ...
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