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The government will provide subsidies for fishing vessels

The government will provide subsidies for fishing vessels
Photo: pixabay.com

The rules for the provision of subsidies for the reimbursement of part of the costs for the construction of the fishing fleet were approved by Prime Minister Dmitry Medvedev. For these purposes, the federal budget for 2020 and the planning period of 2021 and 2022 provided 1,380 billion rubles.

To upgrade the fleet, shipowners, transport and fishing companies are provided with a number of state support measures, including the reimbursement of part of the cost of paying interest on loans and leasing payments, as well as the construction of new vessels that were handed over for recycling. However, these measures were ineffective.

As noted in the explanatory note to the resolution, the new support measure provides for the reimbursement of 30% of the cost of a new vessel built at domestic shipyards. However, they will not provide a subsidy if the fishing company receives a number of other measures of state support.

The Russian government believes that subsidies will help increase the load on shipbuilding organizations, introduce new technologies in domestic shipbuilding, and update and modernize production facilities.

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