Since the launch in 2006 of the priority national project Development of the Agro-Industrial Complex, as well as through programs for the development of agriculture, Russian Agricultural Bank has allocated 5.4 trillion rubles ($ 93.87 billion) for the development of the domestic agro-industrial complex. This was stated by the Chairman of the Board of the Bank Dmitry Patrushev during the XIX Russian agro-industrial exhibition Golden Autumn.
RusAg (Omsk branch is a member of Omsky Biocluster) pays special attention to supporting investment projects to create new modern agricultural enterprises in various regions of the country. Thus, the volume of financing by RusAg of investment projects providing for the construction of livestock complexes is 410 billion rubles ($ 7.13 billion), high-tech greenhouse complexes - 58 billion rubles ($ 1.01 billion), processing industries - 55 billion rubles ($ 0.96 billion). RusAg actively promotes the re-equipment of existing agricultural enterprises: about 315 billion rubles ($ 5.48 billion) have been allocated for the purchase of new equipment.
"In recent years, agriculture demonstrates significant growth, rightly considered one of the flagships of the domestic economy and a driver for the development of related industries. Our enterprises are leading in certain markets in the world. This is the result of a lot of work and largely thanks to effective state support. Now, Russian agriculture should develop along the path of increasing efficiency, introducing new technologies, increasing the share of products with a high level of processing, increasing the export component. For our part, we as the core Bank provide all the necessary support in the implementation of technological investment projects and modernization of existing enterprises of the agro-industrial complex," said Dmitry Patrushev.
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.
