Exports of agricultural products in Russia will increase due to loans

Russian exports are booming: over 33 tons of wheat were sold in foreign markets over the past year. And there is a tendency to increase this indicator. Such rates of development of the external market motivate banks to develop in the field of cooperation with exporters.

The Moscow Credit Bank launched a state program to charge interest rates on export credits. This program provides for opening lines of benefits for enterprises of the agrarian sector. The approximate amount of benefits provided amounts to 100 billion rubles a year. Thus, the company LLC "Glencore Agricelcher MZK" was granted financing of export deliveries at interest rates, which are subject to benefits.

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  • According to expert opinion, the benefits for loans will contribute to the development of the agro-industrial complex in general and an increase in the intensity of exports in particular. Also, experts of the Moscow Credit Bank believe that with the help of the credit program it will be possible in 5 years to increase agroexport at least 2 times. According to forecasts of the state department in 2019, the wheat harvest will be about 118 million tons, whereas in 5 years this figure may increase to 138 million tons.

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