OREANDA-NEWS. March 06, 2013. The total volume of loans extended by Russian Agricultural Bank (RusAg) under the State program on agribusiness development and market regulation for agricultural products, raw materials and foodstuffs 2008-2012 exceeded RUB 1.7 trillion.

Over the last 4 years RusAg has maintained a dominant 70% share in financing seasonal field works. The total volume of financial resources extended by RusAg for these purposes in the framework of the State Program exceeded RUB 684 billion since its launch in 2008.

Starting 2013, Russian Agricultural Bank provides financial sources for implementation of the State program on agribusiness development and market regulation for agricultural products, raw materials and foodstuffs 2013-2020. Under the State program 2013-2020, the Bank plans to increase its financial support to national agribusiness, including through the provision of investment loans for the development and modernization of the priority sub-sectors of the industry, as well as technical and technological modernization.