OREANDA-NEWS. November 06, 2014. Dmitry Patrushev, Chairman of the Board and CEO of Russian Agricultural Bank, and Victor Nazarov, Governor of the Omsk Region, signed a Cooperation Agreement aimed at promoting the implementation of the State Program on Agribusiness Development and Market Regulation for Agricultural Products, Raw Materials and Foodstuffs 2013-2020.

Pursuant to the Agreement the Bank will expand the financing of the regional agribusiness, including through investment loans disbursement.

For its part, the Omsk Region Government commits to ensure the financial support of the State Program implementation and the provision of state-issued performance guarantees for agribusiness producers, who plan to get the Bank’s loan.

The implementation of the Agreement will facilitate the development and upgrade of the agribusiness infrastructure, resolution of food security issues and improvement of living standards in rural areas.