NewsArena

Russian cabinet funding Flood aid, farms and regions

0 reactions
About this event

Mishustin announces farm-loan subsidies

Jun 25

Anna Kurbatova's complete cabinet report begins with damaged homes and displaced residents in Dagestan. Pavel Kokhraidze and Minat Ibragimova describe lost or unsafe housing; Kokhraidze describes compensation, allocated plots and hoped-for resettlement. The package says spring floods destroyed more than 4,500 homes in Chechnya and 8,000 in Dagestan and virtually washed away Mamedkala; it reports an initial 50-home Derbent-area development with September occupancy planned. Mishustin and the reporter announce another 2.5 billion rubles for flood protection, including 35 kilometers of dams, and over 60 billion for subsidized agricultural lending covering more than 41,000 loans. They discuss integration of the four Ukrainian regions Russia claims as its own, reporting housing and road work, another 1.3 billion for utility equipment and 6.5 billion for third-quarter social obligations. A final decision writes off roughly 50 billion of budget-loan debt for eight named Russian regions under the two-thirds relief mechanism. These are reported decisions, resident accounts and official implementation claims; planned construction is not treated as completed.

At the June 25 government meeting, Mishustin announces around 60 billion rubles in federal-budget subsidies to lending institutions to reduce agricultural enterprises' financial burden. He says the funds will meet obligations on more than 41,000 subsidized loans covering agricultural production and processing, veterinary medicines, enzymes, and feed and food additives, with both short-term and long-term investment financing. He expects greater sector stability and continued access to domestic food; the statement does not establish loan repayment completion or those outcomes.

Discussion

Comments 0

0/2000

Start the conversation.