Thursday, August 27, 2009

Putin outlines plan to aid farmers suffering from drought

MOSCOW, (PRIME-TASS) -- Russian Prime Minister Vladimir Putin outlined a plan on Tuesday to aid farmers suffering from the drought.
He was speaking at an official meeting devoted to the agriculture industry.
In particular, Putin instructed the Finance Ministry to consider providing subsidies to regions affected by the drought.
Putin also criticized the Agriculture Ministry and Regional Development Ministry for what he believed were insufficient efforts to promote crop insurance.
The government may increase its subsidies for crop insurance by 1.5 billion rubles this year, compared with the initial plans, Putin said. He said the subsidies were initially projected at 2 billion rubles.
Additionally, Putin suggested prolonging loans provided to grain producers suffering from the drought by up to three years and loans provided to other farmers by nine months.
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