The Cabinet of Ministers decided to extend state portfolio guarantees for lending to farms that have lost potential collateral property due to hostilities. This is stated in the message of the Ministry of Agrarian Policy and Food.
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“Farms that received loans before 2022 and are located in temporarily occupied territories or where active hostilities are ongoing can defer their return until December 31, 2025” “, the document says.
Applications from farmers to continue lending will be accepted through the State Agrarian Register.
“This is very important a solution for farmers that will allow them to extend loans taken before February 24, 2022. This will stimulate the development and renewal of the agricultural sector,” noted First Deputy Minister of Agricultural Policy Vysotsky.
The Ministry of Agrarian Policy promised to inform about the start of filing applications for support later.
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