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the Bill, in particular, it is envisaged to allow for preferential crediting of agricultural producers, organizations and individual entrepreneurs who only implement the investment projects on production and (or) processing of agricultural products. Implementation of such products should bring to the company not less than 70% of revenues. But to prove this fact will be at the expiration of three years from the date of the loan agreement. The right to qualify for loans will be the organizations and individual entrepreneurs who implement projects within the framework of national programs.

the Bill is aimed at increasing the investment activity in agriculture, explained “RG” in the press service of the Ministry of agriculture. In the current edition of the investment preferential loans provided for agricultural businesses and processors, the share of income from sales of agricultural products is not less than 70%. However, there is the practice of creating special purpose companies for specific investment projects in agriculture. Such organizations in the first years of their work can not show the share of income of 70%.

Changes will allow to involve in agricultural production new market participants with financial resources for the implementation of major projects. They are able to become growth drivers of agriculture, food and processing industry, technical and technological modernization of production capacities, according to the authors of the document.

Concessional lending remains one of the most effective mechanisms to support agricultural producers. On it stands about a third of all state funds provided to support agriculture. With the beginning of the year under the short-term lending were more than 6.6 thousand loan agreements of approximately 197 billion. Line investcredits the list includes 2.7 thousand applications for $ 109,4 billion rubles, said at a meeting with Russian President Vladimir Putin on 20 may, the Minister of agriculture Dmitry Patrushev.

concessional lending in recent months actively modernizarea. On 21 may, the Ministry of agriculture introduced an order to increase the maximum size of the soft “short” of the loan from 600 million to 1.2 billion per borrower in a year. In late may, the government expanded the list of agricultural industries that will be able to use the preferential loans to increase production of export products. On the “short” and investkredit will be able to claim companies that are engaged in fishing and fish farming, processing of forest resources, preserving of fish, crustaceans and molluscs. This measure will help to increase agricultural production and will support the Russian agricultural sector on the backdrop of the spread of coronavirus, expect the government��stve.

In early June, the agriculture Ministry sent to the Cabinet proposals for the extension has already been granted a “short” loans for a period of one year, a delay of payments to SMEs accrued interest prior year and deferred accrued interest and the repayment of previously signed preferential investment credits.

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Jennifer Alvarez is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.