Agricultural exporters could receive compensation for 20-25% of capital expenditures - Russian AgMin

MOSCOW. Jan 12 (Interfax) - Agricultural exporters could receive compensation for 20-25% of capital expenditures, Russia's Agriculture Ministry said in a statement.

"Depending on the direction of the investment project, producers will be able to receive compensation for 20% or 25% of capex for creation and modernization of processing plants," the ministry said.

In particular, subsidies will be available for deep processing of grains, oilseeds, processing and canning of fish, crustaceans and shellfish, as well as production of dried dairy products.

On January 16, the Agriculture Ministry will begin accepting applications for such compensation. Applications will be accepted in six stages and will last through September 15, 2023.