Group of companies "Yug Rusi" was founded in 1992. The main product of the holding is sunflower oil, the production of which "Yug Rusi" is a leader in Russia and delivers it to dozens of countries. "South of Russia" owns 8 mills with a total processing capacity of about 7 thousand tons of sunflower seeds per day. The agreement will allow to increase volume of production and sales of oil products by more than 25% over the period 2019-2024 years.
"In the framework of preferential crediting "South of Russia" undertakes to increase the volume of production. In our opinion, it is a responsible approach by the company and example of effective joint efforts of business, government and banking sector", – said the First Deputy Chairman of the Board of Rosselkhozbank Irina Gutkina.
"In the face of Rosselkhozbank, we have not only a reliable financial partner but also an experienced consultant in terms of effective use of state support measures, and strategic development. We are optimistic about the future and hope that together with Rosselkhozbank can realize the most ambitious plans", – said General Director of "Yug Rusi" Nelli Subbotin.
Earlier this year, at the St. Petersburg international economic forum, Russian agricultural Bank and "South of Russia" signed an agreement to strengthen cooperation.
Concessional lending to agricultural producers is provided by the Russian Federation Government resolution No. 512 dated April 26, 2019. Its purpose – increase the implementation of agricultural products through the creation of a new mass of commodities.
Translated by service "Yandex.Translation"