State guarantees for loans to support production has been extended until end of year

The Russian government has decided to extend until the end of 2024 the rules for providing state guarantees for loans and bond issues attracted by organizations to support their production activities and capital investments. Prime Minister Mikhail Mishustin signed this decree.

The extension of the state guarantee program is expected to bring many benefits. It will increase the attractiveness of investment in various sectors of the economy and also enable businesses to address crucial issues, such as modernizing production. Under this program, the state guarantees that organizations are secure in their obligations on loans and bond issues, thereby reducing creditor risks. This government support is pivotal in enhancing investment attractiveness in areas crucial for the country’s development. The federal budget for 2024 has allocated a substantial amount of 329 billion rubles to provide state guarantees.

Author: Roman Yakimchuk