Support The Moscow Times!

Farm Machinery Gets Boost

Russia will boost its farm-machinery industry, with a plan to raise the value of production fivefold to an annual 350 billion rubles ($11 billion) by 2020 and expand exports, according to First Deputy Prime Minister Viktor Zubkov.

The country plans to produce about 65,000 tractors and 13,000 combine harvesters a year by then, increasing the value of output from 67 billion rubles in 2010, Zubkov said in a statement.

Agricultural vehicle exports will rise to 46 billion rubles by 2020 under the plan, from 2.6 billion rubles in 2010.

(Bloomberg)

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.