RusAg’s anti-corruption hotline has come top (seven points out of seven) in an Anti-Corruption Hotlines in the Commercial Sector rating , RusAg being the only financial institution in the rating to be given the maximum number of points.
In the first nine months of 2021 RusAg provided Russian agribusinesses with RUB 1.2 trillion in loans, reaching a record high for the period under review. Within this figure, RUB 425.7 billion (35.3 per cent) was lent at subsidised rates, driving the volumes of subsidised loans and their percentage in the total loans up 31.8 per cent and 8 percentage points respectively.
RSHB Factoring has grown its portfolio to more than RUB 30 billion over two years.
Russia can lead the global market of IT for greenhouse and horticulture purposes if it combines the efforts of large businesses and research institutions, said Anton Tikhonov, Executive Director of the RusAg Industry and Technology Expertise Unit, speaking at the Golden Autumn exhibition.
Covid has stimulated demand for organic products around the world. RusAg expects that the global organic market will grow by 12% to USD 140 billion in 2021. In Russia, this market may reach the RUB 12 billion mark by the end of the year.
According to an announcement made at the Golden Autumn agricultural exhibition, RusAg will launch Organica, a foundation to promote the philosophy of organic consumption, develop organic agriculture and support Russian organic producers. According to a RusAg study, every tenth Russian will be consuming organic food by 2025.
The financial potential that can be unlocked through developing agro tourism in Russia is estimated at RUB 55 billion a year, while the annual number of travellers to the countryside may reach eight million people.
RusAg was awarded the highest category in the 2021 Anti-Corruption Rating of Russian Business. The rating, which includes the country’s largest companies, is presented by the Russian Union of Industrialists and Entrepreneurs (RSPP) as part of the annual Russian Business Week.
RusAg and Microcreditbank (Uzbekistan) signed a cooperation agreement that provides for active cooperation in the field of agribusiness exports between Russia and Uzbekistan, trade finance and interbank cooperation. The agreement was signed by Kirill Levin, First Deputy Chairman of the Board of Russian Agricultural Bank, and Orif Butaev, Chairman of the Board of Microcreditbank, at the International Economic Forum held in Uzbekistan on September 29-30.
The key driver for the development of the grain market in Russia is the yield growth, which over the past 5 years rose by 23% and reached 28 hundred kilograms per hectare (dt/ha), said Dmitry Zhilyakov, Head of the Department of Industry and Technological Expertise of RusAg, at the panel discussion "Grain Market" of the Golden Autumn exhibition. The main feature of the industry in the last 15-20 years has been an outstripping growth in the efficiency of grain farming, primarily in regions with a high share of large businesses. For example, in the Black Earth region, the average yield has doubled.