The Government of the Russian Federation has expanded preferential lending to backbone enterprises of the fuel and energy complex

The Government of the Russian Federation has expanded the program of concessional lending for backbone enterprises and organizations of the fuel and energy complex, it allows to obtain a loan at a rate of up to 11% per year, the press service of the Cabinet reported.

“The government is launching a special loan program to support the backbone organizations of the fuel and energy complex (FEC). For such organizations, loans will be available at a rate of no more than 11% per annum for up to 12 months. One enterprise will be able to receive up to 10 billion rubles, a group of companies – up to 30 billion rubles,” the government said.

Earlier, the government launched preferential loan programs to support the backbone organizations of the agro-industrial complex, as well as industry and trade.