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EastRussia Bulletin: up to 340 million rubles will be allocated for crab anglers in the Far Eastern Federal District
The Ministry of Agriculture of Russia has prepared a draft government decree implying the provision of state subsidies to fishing companies. They are invited to pay 20% of the construction cost, but not more than 340 million rubles per vessel, according to the next published issue of the EastRussia newsletter.
For these purposes, about four billion rubles from the state budget in 2021 and six billion rubles in 2022 will be required. The source of financing should be additional budget revenues from crab auctions - 142,4 billion rubles.
The average cost of one vessel is estimated by the Ministry of Agriculture at 1,7 billion rubles, based on already ordered vessels and company plans. Moreover, the vessel must have a certificate confirming that it was built in Russia, the customer must confirm the fact of full payment for its construction, the vessel must be owned by a Russian company.
The Ministry of Agriculture will monitor compliance with these requirements, and in case of violation, the subsidy will be obligated to return.
Detailed analytics on this and other relevant topics can be found in EastRussia Weekly Newsletter.