Kuban to gain 390 million rubles to support the investment projects in Agro-industry
The Russian Government has allotted 390.5 million rubles to Krasnodar region for encouraging investment activities in the agro-industrial complex. This is stated in the Decree signed by Dmitry Medvedev, the Russian Prime Minister.
According to the document, these funds will be channeled to reimburse costs of the producers of agricultural products related to construction, upgrading and reconstruction of new and existing production capacities, acquisition of machinery and equipment, under the investment loans advanced prior to December 31, 2016.
Altogether, 77 regions of Russia will obtain funds. The funding will amount to a total of 26.51 billion rubles.