Everything you need to know about Oscars 2017 nominationsSociety & Culture January 24, 19:57
Konchalovsky glad his film Paradise is absent from list of Oscar nomineesSociety & Culture January 24, 18:55
Russian meteorology service reports 2016 is record warm year in ArcticBusiness & Economy January 24, 18:22
Russian chief negotiator comments on outcome of Syria peace talks in AstanaRussian Politics & Diplomacy January 24, 18:11
Legendary Isinbayeva blasts recent German film on alleged doping in Russian athleticsSport January 24, 18:07
Russian senator says Astana meeting on settling Syrian crisis proves successfulRussian Politics & Diplomacy January 24, 17:55
Russian State Duma speaker hopes PACE will confirm its pan-European status under AgramuntRussian Politics & Diplomacy January 24, 17:14
De Mistura says agreement on Syria ceasefire monitoring major result of Astana talksWorld January 24, 17:07
Damascus won’t accept unilateral decisions on Syria’s federalization — envoyWorld January 24, 16:46
MOSCOW, December 16. /TASS/. Central Bank’s sudden key rate hike on Tuesday may prompt the government to abandon a preferential lending program for farmers, Russian Agriculture Minister Nikolay Fyodorov said Tuesday.
“This is an unpredictable event,” he told reporters, speaking of Central Bank’s decision to raise the rate to 17% from 10.5%.
“If there is such a key rate, of course lending below the key rate must be done with a special decision of the government, which is unlikely to be taken now. In such a case, I must take a real situation into consideration as an official and a politician.”
Fyodorov said he was not aware of Central Bank’s plans to raise the rate late Monday.
Preferential lending includes compensation of interest paid on loans to farmers up to the key rate or partially. Loans to the sector amount to around $34.3 billion, overdue debts stand at $2.7 billion, the minister said.