Capital expenditures on creating, modernizing salmon hatcheries in Russia to be compensated up to 25% - government

MOSCOW. March 3 (Interfax) - The Russian government has prepared a resolution under which capital expenditures on creating or modernizing hatcheries for species of salmon will be compensated up to 25%, Prime Minister Mikhail Mishustin said at a meeting with deputy prime ministers on Monday.

Such support is already available in other areas of the agricultural sector, and now entrepreneurs willing to invest in aquaculture enterprises for breeding salmon species will also have access to it, Mishustin said.

"They will be able to receive compensation for up to a quarter of the direct costs incurred in creating and modernizing hatcheries, covering not only expenses for buildings and equipment but also for laboratories, pumping stations, boiler houses, engineering networks and relevant software. On the condition, of course, that all these facilities form a single technological cycle," he said. "The corresponding government resolution has been prepared," he said.

The budget for this year has also allocated 8 billion rubles to support the agricultural sector by compensating direct costs incurred in creating or modernizing facilities, he said.