Russian banks can provide entrepreneurs implementing projects in the Republic of South Ossetia with loans in the amount of up to 2 billion rubles. Deputy Prime Minister of the Russian Federation Alexander Novak told journalists about this, summing up the results of the meeting of the Russian-South Ossetian Intergovernmental Commission.
"We agreed to implement new investment projects, attract investments, including investors from the Russian Federation, other investors, attract financing and loans from our banking institutions in the amount of up to two 2 billion rubles in advance," he said.
Novak has clarified that the meeting of the Intergovernmental Commission approved the investment program to promote socio-economic development of South Ossetia until 2025 with the amount of funds of 3.5 billion rubles. According to him, the document involves the implementation of 45 projects, including social and housing construction, development of infrastructure and transport.
The Vice Prime Minister also noted the transition of South Ossetia to the customs tariff rates of the Eurasian Economic Union (EAEU). "Just yesterday, a protocol was signed regarding the introduction of common customs tariffs in the Republic of South Ossetia. I hope that it will be ratified in the near future and, accordingly, will enter into force, which will also provide an opportunity for freer trade and economic cooperation, as well as the exchange of goods," Novak has added.
The 21st meeting of the Russian-South Ossetian Intergovernmental Commission was held on Wednesday in Moscow.
