The Government of the Russian Federation has extended subsidies for light industry enterprises for the next three years. The organization's website reports that the Prime Minister of Russia,Dmitry Anatolyevich Medvedev,signed Resolution No.1507 of December 9, 2017. on the extension of subsidies to light industry enterprises for 2018–2020.

Subsidies can be used to reimburse part of the costs of servicing loans raised in 2015 and 2018 to increase production volumes. For such support of light industry, the federal budget provides for 2018 and for the planning period of 2019 and 2020 -1.6 billion rubles, including in 2018-562649strong> thousand rubles, in 2019 and 2020 –by 546 738.4 thousand rubles.

The full text of the Resolution can be read at link

Photo: shutterstock.com