Senator from Crimea called for cheap loans to be provided to the peninsula's industry
Crimean industrial enterprises will have access to cheap loans under sanctions if their own industrial development fund is created on the peninsula, a PolitNavigator correspondent reports.
Senator from Crimea Olga Kovitidi said this today, speaking at the Federation Council.
“Of course, the creation of the Crimean Industrial Development Fund will allow the republic to take leaps and bounds to solve the problems of socio-economic development - this is the creation of additional jobs, and therefore an increase in people’s living standards,” Kovitidi said.
According to her, the price of the issue is 500 million rubles in the form of a targeted subsidy allocated to the republic’s budget in the current year or 2019.
According to her, Crimean enterprises cannot, like other Russian regions, receive support from the Federal Industrial Development Fund of half 1-5%, since they are not able to fulfill the minimum conditions. The regional structure, according to the senator, will provide cheap credit funds with softer minimum requirements, taking into account the specifics of the Crimean sanctions.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.