OREANDA-NEWS. On March 20, 2007. According to the information of Yuri V. Trushin, Chairman of the Board of the JSC Russian Agricultural Bank (RAB), the draft of the Federal Budget of Russia for 2008 foresees the increase of RAB’s authorized capital for RUR 5,7 bln. Moreover, in accordance with the draft of a Three-year Federal Budget for 2008-2010 additional funds are to be allocated to RAB authorized capital, reported the press-centre of  JSC Russian Agricultural Bank.

“A Concept of RAB Development till 2015, elaborated in accordance with the assignment of President of Russia and submitted to the Government of the Russian Federation for approval, provides the State will remain the sole shareholder of the Bank till 2010.” - highlights Mr. Trushin. -"Therefore, no plans of the Bank privatization exist in the nearest future.” Yuri Trushin reminded that RAB is one of the key participants in implementation of National Priority Project on Agribusiness Development, as well as of the State Agrarian Program till 2013 that is being worked out now in accordance with the Federal Law “On Agriculture Development”.  The Concept of Russian Agricultural Bank Development till 2015 stipulates the control stock will remain the property of the State.