Industrial mortgage program with a rate of 5% will be launched in Russia before autumn – Mishustin

The industrial mortgage program will be launched before the fall of this year, Prime Minister Mikhail Mishustin said.

“We believe that by the autumn we will definitely work out this regime completely and launch it. And the rate will be 5%. I think this will be a good help for our industry,” he said, visiting the industrial technopark Rusclimat IKSEL in the Vladimir region.

Earlier it was reported that enterprises that plan to buy ready-made areas for production will be eligible for such loans so that domestic businesses can quickly launch the production of the necessary products.

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