The Industrial Development Fund of the Lugansk People's Republic will issue loans in the amount of more than 950 million rubles for the development of local production.
This was announced by the head of the Ministry of Industry and Trade of the Republic Timur Samatov. he noted, that preliminary preparations have already been made for issuing loans.
“The Industrial Development Fund of the Lugansk People’s Republic will offer preferential terms for co-financing projects, aimed at developing new products, technical re-equipment and creation of competitive production", the minister said.
Acting head of the LPR Leonid Pasečnik 22 March announced the creation of an industrial development fund. According to him, applications for government support were going to be submitted around 20 local businesses.
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