Companies are facing huge debts.
The Ministry of Industry and Trade, the Ministry of Agriculture, the Ministry of Economic Development, and the Ministry of Finance, as well as representatives of the business community, will conduct a study on the need for state support for investment projects in the field of mineral fertilizers. This directive was given by Deputy Prime Minister Alexander Novak after a meeting of the subcommittee on strengthening the financial sector and certain sectors of the economy.
The Minister of Industry and Trade, Anton Alikhanov, and the Minister of Agriculture, Oksana Lut, stated that the situation in the industry is overall stable, the domestic market is fully supplied with mineral fertilizers. Russian-made products are also in demand on export markets, however, market participants take into account possible risks when selling goods to unfriendly countries.
In turn, the Minister of Economic Development, Maxim Reshetnikov, emphasized that manufacturers of mineral fertilizers are experiencing significant financial difficulties and are in need of active investments in the development of industry enterprises.