Rieker
Russia will provide financial support to import substitution projects
29.02.2016 2056

Russia will provide financial support to import substitution projects

Five large enterprises will be created in Russia - fashionable shoes, shoe and furniture leathers, fleece knitted fabrics, curtain and terry products. To implement these investment projects, the Industry Development Fund has already approved soft loans at 5% per annum in the amount of over 1,5 billion rubles, Rosagroleasing will provide soft loans at a rate of 3,5% per annum, and the appearance of its branch light industry bank in 2016 will make it easier and cheaper to borrow money for production. Priority will be given to the modernization of enterprises for import substitution projects - the production of clothes, shoes, new non-woven materials and other goods.

Five large enterprises will be created in Russia - fashionable shoes, shoe and furniture leathers, fleece knitted fabrics, curtain and terry products.
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