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State support for backbone companies will be extended to all big business - the media

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State support for backbone companies will be extended to all big business - the media

The Russian government plans to launch a program to support companies left out of anti-crisis aid, writes Kommersant, citing an informed source.

The companies will be covered by VEB.RF guarantees for turnover loans, import loans and project financing. The limit of VEB.RF guarantees will not exceed half of the main debt on each loan, and the interest rate - the Central Bank rate plus 3 percentage points.

It is assumed that the business under the guarantees of VEB will be able to attract up to 550 billion rubles. The total amount of additional investment in the economy is estimated at 1.1 trillion rubles. The companies must choose the working capital and import support quotas (400 billion and 100 billion rubles respectively) by September.

At the moment they can be counted on by backbone companies and small businesses.

The details of VEB.RF participation in this were agreed at the end of April, writes the publication.

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Author: Alexandra ZaslavskayaMade
in Russia // Made in Russia

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