The Russian government intends to allocate 12.6 billion rubles to support agricultural producers participating in the implementation of export programs under the federal project “Export of agricultural products.” This was announced on Thursday, December 1, by the press service of the Cabinet of Ministers.

Corresponding Decree dated November 27 was signed by Prime Minister Mikhail Mishustin. Investments will be directed to the authorized capital of the Russian Agricultural Bank.

According to the government, financing will enable exporters of agricultural products to increase working capital. It will also be possible to restructure loans, reduce the risks associated with settlements in foreign currency and supply disruptions, and, as a result, achieve an increase in agricultural exports. growth factors in the food security strategy and the need to expand or introduce new support measures. countries and even builds up to a number of unfriendly ones. The main food supplies come from the Middle East and Africa.

Then the Deputy Prime Minister also talked about the implementation of the updated strategy for the development of the Russian agro-industrial complex until 2030 as one of the long-term measures that will help to intensify export against the backdrop of a large harvest.

At the end of August, Mishustin noted that the agricultural producers of the Russian Federation were successfully fulfilling the tasks of ensuring the country’s food security. He indicated then that the government had taken several new decisions to support agricultural producers, including softening the conditions for receiving grants for the implementation of scientific, technical and complex projects in the agro-industrial complex.