ANNOUNCEMENT 28 Feb 2019

On 28 February 2019, the Russian Government allocated, through its federal units, USD 631m in interest payment subsidies to agriculture and food processing companies. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Government of the Russian Federation. 2019. Decree N307-r dated 28 February 2019, http://government.ru/docs/35898/

Inception date: 28 Feb 2019 | Removal date: open ended

Interest payment subsidy

On 28 February 2019, the Russian federal government transferred 41.6 billion rubles (USD 631.5 million) to the 75 federal units for further distribution under the Agriculture Ministry's program "Stimulating investment activity in the agro-industrial complex".

The ministry program is a component of the federal government's State Program for the Development of Agriculture and Regulation of Agricultural Products, Raw Materials and Food Markets. The amount above is the 2019 budget for the program supporting the payment of interest on investment loans taken out by farmers and food producers.

AFFECTED PRODUCTS

 
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