Russia’s ministry of agriculture has approved the issuing of 240 billion roubles (US$ 4 billion) destined for new projects in the domestic pig industry. However, not everybody in the Russian swine sector are happy with this new initiative. The money will become available in the form of soft loans with subsidised interest rates. The policy was made public by Yuri Kovalev, chairman of the Russian Union of Pork Producers (RUPP), when recently speaking to local news outletKontinent Sibir. Just as in previous years, it is expected that the soft loans will be issued by major state-owned banks such as Sberbank, VTB and Rosselhozbank. The funds must be invested. Read more...
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