Russia's Ministry of Industry and Trade will continue providing subsidies to keep discounts on Russian agricultural machines. This decision is motivated by the high efficacy of the program, the Ministry noted.
According to a statement by Denis Manturov, Minister of Industry and Trade, the current mechanism for subsidizing discounts satisfies both agricultural producers and manufacturers of farm machines. The share of domestic manufacturers in the internal market increased to 60% at the end of 2018 from 24% at the moment the mechanism was launched.
"AK&M", 12.04.2019 17:06