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Volgograd region receives 254 million rubles in support of agricultural investment projects

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Over 254 million rubles have been allocated to the Volgograd region by the Russian federal government for interest payments on investment credit agreements secured by 31st December 2016.

According to information provided by the Committee on Agriculture of the Volgograd region, earlier the region received a subsidy of over 238 million rubles. Similarly, this year the Volgograd region allotted over 492 million rubles. This is expected to fully fulfil the region’s needs.

Development of agriculture has been identified as a long-term strategic priority for the Volgograd region, as governor Andrey Bocharoviy first noted in 2014. Through a consolidation of strength and greater financial discipline throughout all levels of the region, trust from the central government has begun to return – ultimately resulting in provision of the Volgograd region with over 17 billion rubles in overall government support.

Source: ID Volgogradskaya Pravda

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