ANNOUNCEMENT 16 Sep 2021

In September 2021, the Russian government increased the budget of its preferential agricultural loans program for exporters. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Decree of the Russian Government N2578-r dated 16 September 2021, http://government.ru/news/43283/
Direct link to the document: http://static.government.ru/media/files/u0zDqhuZDBJhZeXKfXpWW8CTRXgToA4E.pdf

Inception date: 16 Sep 2021 | Removal date: open ended

Trade finance

On 16 September 2021, the Russian government decided to allocate additional budgetary funds in loans to agricultural exporters. The state-owned agricultural lender Rosselkhozbank received additional financing of 10 billion rubles (USD 138 million) to distribute in preferential loans among Russian farmers and agribusinesses. 

The government expects additional financing to boost agricultural export lending in 2021 to 200 billion rubles (USD 2.7 billion).

The preferential loans program is nested under the federal project "Export of agricultural products".

The government announcement didn't specify the distribution of additional funds among the existing preferential loan schemes. 

AFFECTED PRODUCTS

 
N/A