A trilateral meeting of representatives of the Russian Agricultural Bank JSC (Omsk branch is Omsky Biocluster member), the Russian National Union of Swine Breeders and the Association of Cattle Breeders of China took place in Moscow. Participants discussed the export of Russian livestock products, ensuring biosecurity of pig farms in an unfavorable situation with African swine fever (ASF) and ways to reduce the spread of the virus in China, agroxxi.ru reports.
Pork production in China in 2019 due to ASF may be reduced by 20%. According to some forecasts, China will increase imports of this type of meat by 30%, but it is not yet known which exporting countries will be able to meet the needs of China.
"The further development of pig breeding largely depends on the realization of the export potential of the industry. The Russian Agricultural Bank provides comprehensive support for the effective entry of client companies into the international market, including by financing projects with the highest level of biological protection, and provides a full range of banking services for export support. In 2016, the Bank opened a representative office in China through which we are ready to facilitate the entry of domestic companies into the Southeast Asia market," Dmitry Zhilyakov, Managing Director of the RusAg Strategic Development Department, said.
Since 2006, the Russian Agricultural Bank has supported about 500 investment projects in the pig industry in the total amount of RUR 182 billion ($ 2.82 million). To date, the Bank's loan portfolio in this segment is more than RUR 138 billion ($ 2.13 million). In addition to the comprehensive support of Russian pig farmers, the Bank intends to continue dialogue with representatives of other industry unions, contributing to the development of a mutually beneficial collaboration between Russia and China.
Information: Russian Agricultural Bank JSC (RusAg) is the basis of the national credit financial system, specializing in banking services for agricultural sector in Russia. The bank was established in 2000 and is a key creditor of the country’s agribusiness. It ranks among the top major banks of the country in terms of assets and is one of the leaders of the Russian bank reliability rating. 100% of the voting shares of the Bank belong to the Russian Federation.
