OREANDA-NEWS. October 04, 2013. Dmitry Patrushev, Chairman of the Board and CEO of Russian Agricultural Bank, and Alexander Volkov, President of Udmurtia, signed a Cooperation Agreement on implementation of the State Program on Agribusiness Development 2013-2020.

The Agreement stipulates long-term and efficient cooperation aimed at ensuring sustainable development of the regional agribusiness industry, raising employment and living standards of the rural population. The Agreement envisages measures that will allow to increase output and sales of agricultural products as well as to create favourable market access for Udmurtia agrarians.

In the framework of the meeting the parties discussed cooperation in respect of agribusiness investment projects support and timely provision of subsidies to agricultural producers.

Russian Agricultural Bank’s Udmurtia branch was opened in 2001. During this period, the branch has extended loans in the amount exceeding RUB 36 billion, including RUB 22.6 billion under the State Programs on Agribusiness Development.