News – Government of Russia

The deputy chairman of the government, Alexander Novak, held the fourth meeting of the subcommission to increase the stability of the financial sector and individual sectors of the economy of the Government Commission to increase the stability of the Russian economy in the conditions of sanctions.

The event was attended by the Minister of Agriculture Oksana Lut, Minister of Economic Development Maxim Reshetnikov, President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin, heads and representatives of federal executive bodies, State Duma deputies and senators of the Federation Council, representatives of the Bank of Russia, the State Corporation VEB.rf State Corporation , Gazprombank, industry associations, agricultural and fishing industries.

Participants discussed production and financial indicators, pricing, provision of equipment and seeds, as well as the level of closing the agro-industrial complex and the fishing industry.

Alexander Novak drew special attention to the need to monitor the financial and economic condition of system-forming organizations in the agro-industrial complex.

The Minister of Agriculture Oksana Lut reported on the current state in the agro -industrial and food sector in the domestic and foreign markets, as well as measures implemented with the support of the government to stabilize the situation in the industry. Thanks to preferential loans and subsidies agreed at the federal level, in the spring of this year, the sowing campaign will be held as usual, its participants are provided with seeds, equipment, etc. It was noted that the prices of butter were stabilized due to the growth of production of dairy products.

Among the risk factors for the agricultural industry, an increase in the cost of grain products, the risk of overproduction in the potato market, reduction of sowing rice areas, an increase in agricultural machinery and mineral fertilizers were noted, which affects the cost of the crop.

Representatives of the fishing business reported an increase in the cost of fishing, as well as the rise in the cost of the construction and maintenance of vessels for the transportation of fish products. They acted with the initiative to coordinate as measures to support the extension of preferential tax regimes for conducting entrepreneurial activities in the Far East and in the Arctic from 5 to 10 years at each stage. The participants also discussed the provision of fishing enterprises access to preferential lending, subsidies, debt restructuring tools, including through the public placement of shares and bonds.

Alexander Novak instructed the Ministry of Economic Development, the Ministry of Finance and the Bank of Russia to work out the support measures proposed by business and relevant departments for agricultural and fishing industries, including providing participants in the fishing industry for the instruments of obtaining preferential lending and restructuring debt.

The Ministry of Agriculture, together with the Ministry of Industry and Trade, was instructed to work out the introduction of direct contracts of agricultural producers with retail chains with a price formula for the sale of food products, as well as targeted approaches to regulate the export export, depending on the harvest.

The Ministry of Agriculture, together with the Ministry of Finance, the Ministry of Economic Development and the Ministry of Industry and Trade, is given an order to work out the issue of indexing maximum fertilizers for farmers in the domestic market in order to compensate for the growth of the cost of fertilizer production.