News
Russia to invest billions in processing 02 Feb 2010
The Russian government plans to invest more than 107.6 billion rubles (2 billion Euro) in 2010 to further develop the national meat industry.
By Evegen Vorotnikov
It is expected that most of the funds will be spent to subsidize interest rates on loans granted to the numerous projects currently implemented in the Russian meat processing industry.
Russian Minister of Agriculture Elena Skrynnik says the main objective of the is to ensure the financial support of the priority projects in the domestic meat processing industry in 2010, including the development of dairy and beef livestock, poultry industry, as well as primary meat and milk processing.
According to the Skrynnik, Russia's agricultural and meat industries posted a substantial growth last year, however an increase in production was observed not in all regions of the country.
Skrynnik also added there is a necessity to tighten requirements for the implementation of government programs in the field of meat processing and agriculture.
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