Russian Government Allocates 26.5 Billion Rubles for Subsidized Loans to Farmers

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Russia Allocates $350 Million for Agricultural Loan Subsidy Program

The Russian government has allocated 26.5 billion rubles ($350 million) to continue its subsidized loan program for agricultural enterprises.

The funds will primarily be used to support seasonal fieldwork. Early access to subsidized loans will enable farmers to prepare machinery, purchase fuel, fertilizers, and seeds, directly impacting the efficiency of the sowing campaign.

Special attention is given to the development of dairy cattle farming. Through short-term subsidized loans, farms will be able to increase production volumes and enhance stability in this sector.

(Note: The currency conversion is approximate and based on current exchange rates.)