Cabinet increases subsidies for Russian winemakers

Published Oct 21, 2024

Tridge summary

The Russian government has enhanced its support for the viticulture and winemaking sectors by increasing subsidies, specifically raising the coefficient per hectare for high-quality wine producers to 1.2. This amendment to the agricultural development program includes additional benefits for vineyards with higher plant density and grape nurseries. The federal project aims to stimulate the industry by providing support for acquiring planting materials, installing irrigation systems, and establishing nurseries and breeding centers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Russian government has increased subsidies to stimulate viticulture and winemaking. The Cabinet of Ministers has increased the coefficient per hectare of vineyards to 1.2 for Russian winemakers producing high-quality products. TASS has the resolution. The document amends the state program for the development of agriculture and regulation of agricultural products, raw materials and food markets. "When determining rates, an increasing coefficient is established per 1 hectare of area <…> for grape plantations, in relation to which the recipients of funds are producers of wine, fortified wine and sparkling wine, who have a quality certificate from the Federal Self-Regulatory Organization of Winegrowers and Winemakers of Russia and the right to use the emblems (signs) "Wine of Russia", "Cognac of Russia", <…> not less than 1.2," the rules for the provision and distribution of subsidies approved by the resolution say. Additional increasing coefficients for calculating ...
Source: Kvedomosti

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