The Cabinet of Ministers approved the proposal of the Ministry of Agriculture to allocate 3 billion rubles from the reserve fund as a contribution of the Russian Federation to the authorized capital of the state leasing company Rosagroleasing JSC. These funds will be used to increase the rate of renewal of the agricultural machinery fleet on favorable terms and to reduce the financial burden on lessees.
It is envisaged that at the expense of these funds, domestic farmers will receive an additional 374 units of new self-propelled agricultural equipment (153 tractors and 221 combines) on a financial lease (leasing) basis for seasonal field work.
The Ministry of Agriculture in conjunction with Rosagroleasing JSC is currently conducting a large-scale campaign to upgrade the equipment fleet in the agro-industrial complex by transferring leased production assets. In addition to the Federal Leasing program, since February 2019, the Ministry has been implementing a departmental program for updating the fleet of equipment - OPT 2.0, under which agricultural producers in the regions of Russia can purchase equipment and machinery on favorable terms.
A source: http://mcx.ru/