Volga Baikal AGRO NEWS Update on the Grain Transportation !!!

Russian Railways and the Crimean Railway will receive subsidies

Volga Baikal AGRO NEWS Update on the Grain Transportation !!!

Russian Railways and the Crimean Railway will receive subsidies for the transportation of grain!

The total amount of subsidies can reach more than 4.3 billion rubles, the support measure is designed to reduce the transport component in the price of bread in the regions.

“The subsidy is provided the JSC Russian and Crimean Railways. In 2022, more than 4.3 billion rubles are provided to subsidize the transportation of these types of products,”- says the press service of the Ministry of Transport of the Russian Federation.

Carrier companies are compensated for lost income from the transportation of grain crops from 23 constituent entities of the Russian Federation to 43 constituent entities of the country. This measure will help reduce the transport component in the price of bread in the regions, the press service noted.

The Ministry of Transport also reported that in addition to the transportation of grain crops, “transportation of processed products of oilseeds, vegetable products, mineral fertilizers, soybeans, fish and fish products is subsidized.”

“The subsidy does not have a fixed amount and is calculated by the Ministry of Agriculture of Russia individually for each submitted application,”

– said the Ministry of Transport.

For 2022, budget financing in the amount of 2.3 billion rubles was planned for the rail transportation of agricultural products at preferential rates. At the end of March, the Russian government considered the amount insufficient and increased the size of the program by another 2 billion rubles. At the same time, transportation volumes will be increased by 1 million tons.

Source: TASS.ru

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