OREANDA-NEWS. August 13, 2014. Russian Agricultural Bank and the Chelyabinsk region Administration 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.

In the framework of the Agreement the Bank plans to increase financing of the regional agribusiness. One of the instruments to accomplish this task will be investment loans.

For its part, the Administration of the Chelyabinsk region takes a commitment to ensure financial support of the implementation of the State Program on Agribusiness Development and promote the provision of state-issued performance guarantees on behalf of agribusiness producers – borrowers of the Bank.

The measures stipulated by the Agreement will allow to increase local output of milk and meat which will enhance food security of the region and result in improvement of the living standards in rural areas.