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two thirds of borrower’s costs to pay loan interests on the basis of RUB/ foreign currency exchange rate fixed by RF Central bank if a loan is granted in foreign currency but that amount cannot exceed the amount calculated on the basis of interest rate stated in a loan agreement and cannot exceed 9% per annum.
The subsidy amount shall be calculated on the basis of borrowed amount within the remaining balance of a loan.
Authorized body: Federal Fisheries Agency
Source documents: RF Government Directive No. 1182 on Adoption of Regulations for Granting Subsidies from the Federal Budget to Fisheries and Sole Proprietors to Refund a Part of Costs on Investment Loan’s Interest Payments that were granted by Russian lending institutions in 2008-2013 for construction and renovation of fish processing infrastructure facilities and fish products storage facilities dated December 29, 2010.