Translation. Region: Russian Federal
Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –
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Deputy Prime Minister Alexander Novak held a meeting of the subcommittee on increasing the stability of the financial sector and individual sectors of the economy. The situation in agricultural engineering and the work of individual systemically important organizations were discussed.
The event was attended by the Minister of Economic Development Maxim Reshetnikov, the Minister of Agriculture Oksana Lut, the First Deputy Chairman of the State Duma Alexander Zhukov, the Deputy Chairman of the Federation Council Nikolai Zhuravlev, the President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin, representatives of federal authorities, the Central Bank of Russia, heads and representatives of investment banks, development institutions, industry companies, and parliamentarians.
The meeting participants reviewed the current situation in terms of production and sales of domestic agricultural machinery. It was noted that the measures to support the industry agreed upon at previous meetings of the subcommittee help maintain the sustainability of its work. These include preferential leasing, lending and subsidies, deferrals of payment of the recycling fee, and the possibility for farmers to purchase domestic machinery at discounts.
In addition, the Russian Ministry of Agriculture is working on the issue of increasing the rate of subsidizing loans issued for the purchase of agricultural machinery. The participants of the meeting agreed that as demand for agricultural machinery stabilizes, and subsidizing loans are launched in the near future, there is currently no need to introduce additional measures to support the industry.
Alexander Novak instructed the Ministry of Economic Development, the Ministry of Agriculture, and the Ministry of Industry and Trade to continue monitoring the situation in the agricultural engineering sector and to promptly propose solutions to ensure the development of the industry.
The Deputy Prime Minister also instructed federal authorities to promptly monitor the situation at all systemically important enterprises to ensure their sustainable operation in the current economic conditions.
"Previously adopted support measures are working successfully and have begun to produce a positive effect from implementation. We continue to monitor the situation, if necessary, we will fine-tune the current measures and return to the issue of developing new mechanisms," emphasized Alexander Novak.
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