The Russian Government has allocated budgetary funds of 1,000,000 thousand rubles for the implementation of measures in the field of tourism and hospitality industry as part of the state program 'Development of Tourism'. The purpose of this allocation is to provide subsidies from the federal budget in 2024 to Russian credit organizations to compensate for the income they did not receive from loans issued at a preferential rate to investors for the implementation of the mechanism of state support for investment projects for the development of ski resorts in the Russian Federation in the form of preferential lending.
Instrument
Allocation of Funds
Loan & Loan Guarantees
Purpose
Investment promotion
Sectoral development
Agency
Government of the Russian Federation; Ministry of Economic Development of Russia