The Federal Small and Medium Business Corporation (MSP) is preparing a large program to support entrepreneurs in the new Russian regions, Lugansk People’s Republic Economic Development Minister Svetlana Podlipayeva told the Lugansk Media Center.
It includes "loans and a program to lease new and secondhand equipment,” Podlipayeva said. “This organization is a leading Russian provider of business support measures. They steadily run programs in all regions.”
The LPR is expecting the MSP to launch all the programs in the Republic in the summer, she said.
Russia’s Promsvyazbank is drawing a loan program with “adequate interest rates” for businesses, the minister added.
The Lugansk People’s Republic, Donetsk People’s Republic and Zaporozhye and Kherson regions acceded to Russia on September 30, 2022 following the unification referenda. *i*ie