--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20220913-russian-government-plans-to-launch-the-industrial-mortgage/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Russian government plans to launch the industrial mortgage Publication Date: 2022-09-13T15:00:19-04:00 Last Updated: 2022-09-12T12:05:08-04:00 Author: Dmitry Savinsky (https://www.fertilizerdaily.com/author/dsavinsky/) Categories: [Markets](https://www.fertilizerdaily.com/markets/) ![Russian government plans to launch the industrial mortgage](https://www.fertilizerdaily.com/wp-content/uploads/2022/09/metal-money-material-close-up-cash-silver-725236-pxhere.com_-scaled-1.jpg) The maximum loan amount will be $8.25 million. The government of Russia introduced a new tool to support the industrial sector — the industrial mortgage, said Prime Minister Mikhail Mishustin. “Russian companies will be able to get long-term soft loans for the purchase of industrial real estate,” he explained. According to the Russian Minister of Industry and Trade, Denis Manturov, loans for the purchase of sites provided with infrastructure will be issued for up to seven years at a reduced rate of 5% per annum. The maximum amount of a loan should be 500 million rubles (approximately $8.25 million). “Industrial mortgages can help create the domestic production of equipment, machinery and components for the fertilizer industry and agriculture. After several Western companies left Russia, the industry faced certain difficulties in providing necessary equipment,” commented the information and analytical service of Fertilizer Daily. Tags: [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/), [Russia](https://www.fertilizerdaily.com/tag/russia/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.