01:17 GMT +319 July 2019
Listen Live
    Grain squashed during crop harvesting

    Russian Cabinet Distributes $52Mln in Farm Subsidies

    © Sputnik / Pavel Lisitsyn
    Russia
    Get short URL
    1123

    The Russian government published a decree on its website Tuesday about allocation of an equivalent of $51.9 million across 79 regions to offer farming sector development grants.

    MOSCOW (Sputnik) – The Russian government has allocated an equivalent of $51.9 million across 79 regions to offer farming sector development grants, the cabinet website published a decree on Tuesday.

    "The signed decree distributes grants in the amount of 3.9 billion rubles to be provided from the federal budget in 2016 to the subjects of 79 subjects of the [Russian] Federation to co-finance spending commitments to provide grants for the creation and development of a peasant (farming) economy," the decree states.

    Stavropol Territory in southwest Russia receives $2.3 million, followed by the Republic of Tatarstan with $907,000, then Krasnodar Territory and Moscow regions at $400,000 each.

    The Tyumen Region further east is allocated $80,000, according to the decree.

    The Agriculture Ministry estimates the subsidies’ efficiency every year on the basis of performance indicators defined by its agreements with individual regional powers.

    Related:

    Russia Wants to Increase Agriculture Exports to China, Southeast Asia
    Agriculture Provides Great Chance to Develop Russia-France Relations
    Iran Says Russia Has Unique Opportunity to Invest in Tourism, Agriculture
    Russia Can't Attend Berlin Trade Fair as Agriculture Minister's Visa Denied
    Tags:
    subsidies, agriculture, farms, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik