Russian Agricultural Bank (Russian: Россельхозбанк) (RusAg) is a 100% state-owned bank regulated by the Bank of Russia. RusAg is providing lending support to Russian agribusiness. Modern agribusiness production systems are capital intensive. A large portion of capital used in agribusiness is borrowed. The agrarian credit system in Russia goes back to 1882 when the first specialized banks –‘Peasant Land Bank’ and ‘Gentry Land Bank’ – were established. During the Soviet period, about 90% of all long-term loans were extended to agribusiness. More information...
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