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Sergei Sobyanin announced a reduction in the rate on soft loans to industry from 15 to 11%

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The Moscow Government subsidizes interest rates on loans to replenish working capital (up to RUB 500 m) and for the implementation of development programs (up to RUB 1 bn). The lending rate for end borrowers, including previously approved loans, will be reduced from 15% to 11%. Two bakery enterprises and one pasta manufacturer have already become recipients of preferential loans. The amount of compensation is RUB 60.5 m; the total amount of loans is RUB 747 m.

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