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MOSCOW, April 18 The Russian government has extended the program of providing state guarantees for loans and bond issues raised to support the production activities of enterprises, the Cabinet of Ministers website reports.
““A decision was made 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,” the message says.
The state guarantee ensures the obligations of organizations on loans and bond issues. Such state support reduces the risks of creditors and increases the attractiveness of investment in areas important for the development of the country. This will allow businesses to solve a number of important problems, including modernizing production.
The total amount of funds for the provision of state guarantees in the federal budget for 2024 is 329 billion rubles.