RAB Allocated Over RUR 25 bln for Financing of Commodity Interventions
OREANDA-NEWS. As of March 23, 2009 Russian Agricultural Bank has extended over RUR 25 million to the State agent JSC “Agency on Food Market Regulation” for the State commodity interventions, reported the press-centre of Russian Agricultural Bank.
These funds are intended for settlements with agricultural commodities producers for the grain supplied to the intervention fund and grain under custody in the volume of 5.5 million tons.
Since August 19, 2008 till March 23, 2009 during trading agricultural commodities producers and the State agent have concluded contracts on delivery of 8 million tons of grain to the federal intervention fund to the total amount exceeding RUR 37 billion.
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