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FARMERS HAVE SIMPLIFIED ACCESS TO SOFT LOANS

In Russia, subsidies for loans attracted by Russian agricultural producers from May 1 to December 31, 2022 have increased to 100% of the key rate of the Central Bank. A relevant government decree was signed, according to the website of the Cabinet of Ministers.

The document concerns soft loans for the purchase of agricultural machinery and equipment, for the implementation of investment projects related to the construction and modernization of selection and seed production, selection and genetic centers and the development of dairy cattle breeding. Loans are attracted for a period of 2 to 15 years at a rate of up to 5% per annum. Subsidizing up to 100% of the key rate will be carried out on loans up to 10 billion rubles.