ANNOUNCEMENT 08 Oct 2018
In October 2018, the Russian Government allocated USD 400 million in interest payment subsidies to farmers and agricultural producers.
NUMBER OF INTERVENTIONS
Government of the Russian Federation. 2018. Decree 2157-p dated 08-10-2018, http://government.ru/docs/34293/
On 8 October 2018, the Russian federal government transferred 26.5 billion rubles (almost USD 400 million) to the 77 federal units for further distribution under the State Program for the Development of Agriculture and Regulation of Agricultural Products, Raw Materials and Food Markets.
The amount above is the 2018 budget to support agricultural producers (growers, primary and secondary processing and sales companies) in the payment of interest on investment loans taken out to set-up new or modernize/expand existing production capacities and purchase equipment. Only loans taken out before 31 December 2016 qualify for subsidisation under this specific budget.