Mishustin's cabinet opening Debt, farm and regional aid

Jun 25

In his complete June 25 government-meeting opening statement, Mikhail Mishustin announces nearly 50 billion rubles of budget-loan debt relief for Udmurtia and seven named oblasts, within the two-thirds write-off programme and with savings intended for infrastructure and investment. He announces around 60 billion rubles in subsidies to lenders to meet obligations on more than 41,000 agricultural loans, covering short-term and investment financing for production, processing and related inputs. He then recalls spring North Caucasus disaster damage and earlier recovery aid, announces another 2.5 billion rubles for Dagestan and Chechnya river clearance and 35 kilometres of dams, and asks officials to supervise recovery. In Russia's claimed integration programme for Donetsk, Luhansk, Kherson and Zaporizhzhia, he says more than 33 billion rubles was previously allocated for pensions and announces around 6.5 billion more for third-quarter pension obligations. His final announcement directs 1.3 billion rubles to utility equipment, including dump trucks, excavators and loaders, for heating and water modernization and autumn/winter preparations. The prior-spending and damage figures, claimed regional status, projected benefits and integration goals remain his account; actual disbursements, procurement and completed works are not established.

At the June 25 Russian government meeting, Mikhail Mishustin announces a reduction of nearly 50 billion rubles in federal-budget obligations for Udmurtia and the Volgograd, Moscow, Nizhny Novgorod, Novgorod, Novosibirsk, Ryazan and Chelyabinsk regions. He places it within the programme to write off two-thirds of regional budget-loan debt and direct the savings to investment. He names utility repairs, elevator replacement, unsafe-housing resettlement, public transport, key settlements, special economic zones and industrial-development funds as intended uses. His projected economic and welfare benefits are expectations, not completed results.