4 Feb 2016 17:01

Govt to allocate 17.9 bln rubles for subsidies for investment credits to agriculture in 2016

MOSCOW. Feb 4 (Interfax) - The government in 2016 will allocate 17.9 billion rubles in subsidies for investment credits for crop-growing and dairy livestock.

The Agriculture Ministry said that Russian Agriculture Minister Alexander Tkachev presented the relevant draft government orders at a meeting with the cabinet of ministers on Thursday.

Tkachev said that 12.6 billion rubles are envisaged for subsidizing investment credits for crop-growing and 5.3 billion rubles for dairy livestock.

The agriculture minister said that this measure will support investment credits already adopted for subsidies.