Russia is cutting preferential lending due to lack of budgetary resources - SZRU
Kyiv • UNN
Russia will reduce the volumes of state credit support for business due to the burden on the budget, said Minister Maxim Reshetnikov. Businesses are offered alternatives like stocks, despite the weak stock market and exhaustion of resources.
In Russia, they will reduce the volumes of state credit support for business due to the growing burden on the budget. This was stated by RF Minister of Economic Development Maksym Reshetnikov, reports the Foreign Intelligence Service of Ukraine, writes UNN.
Details
According to the minister, the budget is no longer able to support the previous scales of preferential lending. The financial system is simultaneously pressured by high interest rates, labor shortages, and limited opportunities for economic maneuvering.
Alternatives offered to business
In such conditions, the Russian business community is offered to independently seek sources of financing, including through share placements or alternative investment mechanisms. At the same time, the Central Bank of the RF believes this could stimulate the development of the stock market.
However, according to experts, this market remains weak: retail investors dominate, there is a lack of institutional demand, and business activity is slowing down.
Resource constraints
The minister also emphasized the need to increase labor productivity, which effectively means shifting the costs of adapting to new economic conditions onto business itself.
Intelligence notes that such decisions indicate the exhaustion of resources for large-scale economic stimulation, which previously relied heavily on cheap state loans.
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