Russia Approves State Qid to Fruit and Veg Processors

Russian Prime Minister Dmitry Medvedev has signed a decree which approves the list of agricultural products that will benefit from state aid granted to organizations involved in their processing. This was reported by the press service of the Russian government.

According to the document, the list includes, in particular, processed and preserved fruit and vegetables and other agricultural products.

“The approval of the list will allow the state to provide support in the development of agriculture, increasing the availability of credit resources for organizations and individual entrepreneurs devoted to the processing of agricultural products,” said the document.

Also, the report says that state support will be exclusively provided to organizations for which the sale of these products generates at least 70% of their annual income.

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