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Subsidization mechanism for Arctic residents to start working in 2021

Subsidization mechanism for Arctic residents to start working in 2021
Photo: pixabay.com

The mechanism for subsidizing interest on loans for residents of the Arctic zone will start working in 2021. The amount of government subsidies will be 6,75%.

As the TASS with reference to the Deputy Minister of the Russian Federation for the Development of the Far East and the Arctic Alexander Krutikov, the mechanism of the support measure has already been developed jointly with the Ministry of Finance.

According to Krutikov, a number of other mechanisms are being developed to support investors - residents of the Arctic zone. He noted the importance of the already adopted resolution on subsidizing insurance premiums, according to which the rates for residents of the Arctic zone will be 7,5% instead of 30%, and for small businesses 3,75% instead of 15%.

The Commission of the Ministry for the Development of the Russian Far East approved applications from the first five residents of the Arctic zone Russia. The total investment will amount to 15,8 billion rubles, the companies plan to create 552 jobs.

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