The Russian government has signed a ruling to increase the share
capital of state-owned Russian Agricultural Bank (RAB) and
Rosagroleasing to help them cope with the global financial
crisis.
The government has agreed to inject around RUB 25 billion (€540
million) in Rosagroleasing, which provides agricultural equipment
leasing, and around RUB 45 billion (€970 million) in RAB, hoping to
boost investments in agriculture.
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Rosagroleasing is one of the companies implementing the
government’s programme for agricultural development between 2008
and 2012, but it has been reported that all investment resources
have already been used and the lessor now needs to increase its
capitalisation to expand activities.
