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The government launches a preferential credit line for small and medium-sized businesses

Russia’s Prime Minister Mikhail Mishustin signed a decree on soft loans for small and medium-sized businesses at bank rates of 4.5% and 3%. The money can be used to purchase equipment, overhaul production facilities or launch new production facilities.

The preferential program will be valid for 3 years, the loan can be taken for 10 years. Among the sectors whose participants will receive preferential loans on a priority basis, logistics and hotel business are named.

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