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The Russian government allocated from the reserve Fund of 3 billion rubles on the renewal of agricultural machinery
The Russian government adopted the decision on allocation in 2019 from the reserve Fund budget appropriation in the amount of 3 billion roubles to increase the rate of fleet renewal of agricultural machinery and reduce the financial burden on lessees. The corresponding decree was signed on may 10 and posted on the official portal of legal information.

According to the help document, it is envisaged that these funds will be further delivered 153 new tractor and harvester 221 on terms of financial leasing for seasonal field work. These funds will be used as contribution to the authorized capital of JSC "Rosagroleasing" (state-owned). The Ministry of agriculture is mandated to monitor their proper and effective use.

"Currently, the agricultural sector is in the process of updating of Park of agricultural machinery on favorable terms. Such a mechanism provides for deferral of the first payment, the interest rate of 3% and the lack of advances and collateral. This has allowed in the years 2012-2018 to put on preferential terms of leasing of agricultural equipment with a total cost of 22 billion rubles", - the document says.

 

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Translated by service "Yandex.Translation"
Источники: Dairynews