OREANDA-NEWS. February 24, 2014. Dmitry Patrushev, Chairman of the Board and CEO of Russian Agricultural Bank, and Mikhail Ignatyev, Head of the Chuvash Republic, have signed a Cooperation Agreement on implementation of the State Program on Agribusiness Development and Market Regulation for Agricultural Products, Raw Materials and Foodstuffs 2013-2020.

The Agreement stipulates a long-term and effective cooperation between the parties on sustainable development of agricultural producers, promotion of innovative technologies in agribusiness, creation of new jobs and improvement of living standards of rural population.

The measures contained in the Agreement aim to provide local agribusiness with opportunities to raise outputs and create favorable market conditions for their production.