The issuance of short-term and investment loans for Russian farmers will start on February 19. Deputy Minister of Agriculture of the Russian Federation Elena Fastova announced the publication of an order on their intended use for 2024.
In 2023, due to an increase in the key rate of the Central Bank of Russia, the total volume of short-term loans concluded decreased compared to the previous year. At the same time, investment loans showed an increase of almost 1,5 times.
The Deputy Minister also noted that from this year, loan rates will differ for different areas of activity while maintaining the Central Bank key rate at 16%.
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