The Russian government will allocate over 2 billion rubles to compensate part of interest rates and insurance premiums on export loans. This decision was made by Prime Minister Mikhail Mishustin, according to the government press service.
The funds will be allocated from the government reserve fund and will be used to subsidize loans issued to enterprises in non-raw material and non-energy industries that export their own products.
This measure will help support the development of export-oriented industries and increase the volume of Russian industrial products supplied to foreign markets.