Mishustin: business received preferential loans for a record 140 billion rubles in 2022

Russian companies received preferential loans for a record amount of 140 billion rubles. in 2022, Russian Prime Minister Mikhail Mishustin said at the plenary session of the Innoprom exhibition.

“The state is ready to help our business develop those areas that were recently occupied by foreign competitors,” said Mishustin (quote according to TASS). He also noted that the opportunities for Russian entrepreneurs “greatly expanded.”

The government also launched an industrial mortgage program, and in less than a year, more than 150 preferential loans worth almost 14 billion rubles were issued for the acquisition and reconstruction of production facilities. According to him, more than 200 loan agreements for a total amount of 24 billion rubles are now in the “final approval stage”.

In March, Mishustin declaredthat due to government support measures, businesses and citizens were able to save more than 300 billion rubles. in 2022. Then he emphasized that last year the Cabinet of Ministers reduced income tax rates for enterprises in a number of industries, and VAT on hotel services was also reset.

The prime minister also reminded about the introduced preferential credit programs for business. In particular, backbone enterprises in industry, energy, information technology, etc. received, according to him, almost 1.5 trillion rubles.