Russia (bbabo.net), - The Ministry of Economic Development announced the start of the selection of banks for preferential lending to participants in the free economic zone in the Crimea and Sevastopol. Applications began on Friday, February 25 and will last 20 days.

The preferential lending program for FEZ participants came into force on January 1, 2022. Under its terms, the interest rate for a SEZ participant on a loan for the implementation of an investment project is compensated in the amount of the key rate of the Central Bank. At the same time, the rate under the loan agreement cannot exceed two times the key rate of the Bank of Russia. The total amount of subsidies provided to banks will amount to 1 billion rubles.

According to experts, the program will increase the interest of businesses in the implementation of investment projects in the Crimea and Sevastopol.

The selection results will be posted on April 15 on the official website of the Ministry of Economic Development.

bbabo.Net