"Industrial enterprises take out loans that are expensive
Posted: Sun Jan 19, 2025 10:47 am
naging partner of the IT holding Fplus Alexey Melnikov noted at the National Industrial Congress on October 16 that while the Ministry of Industry and Trade of the Russian Federation provides a large number of subsidies and grants for the development of IT equipment, manufacturers are faced with a high key rate set by the Bank of Russia.
and pay the loans to banks. algeria whatsapp number database The government compensates for interest rates under national programs. Therefore, in the conditions of direct subsidization of rates, money actually goes to large banks, which have already announced high profits this year. In our opinion, it is possible to simply not "drive" money around in circles, but to reduce interest rates for priority industries, to provide differentiated rates for individual sectors. The time has come to reconsider the possibility of changing approaches to the application of the mechanism of preferential lending," Alexey Melnikov told a ComNews correspondent.
He suggests that the Central Bank, in addition to measures to manage the key rate, has other mechanisms, such as reserves, risk assessments for individual industries, and the cost of capital. "These things, in the context of managing industries and segments of the economy, in my opinion, would do more to contain inflation and support growth. Inflation occurs not because the cost of industrial production is growing, but because of transaction costs of purchasing components, raw materials, and products abroad. In addition, demand is growing, which is not being satisfied. To satisfy demand, we need to produce more, and to produce more, we need more machines and equipment," says Alexey Melnikov.
"We are faced with the fact that products made in Russia from imported components and sold on international markets are inferior in price to Chinese ones due to differences in interest rates," he said during the plenary session of the National Industrial Congress.
Vladimir Gamza, member of the board and chairman of the council for financial, industrial and investment policy of the Chamber of Commerce and Industry of the Russian Federation, believes that in order to solve the problem of both financing industrial sectors and reducing inflation, the Central Bank and the government need to change and achieve conditions in cooperation where investments would not lead to inflation.
and pay the loans to banks. algeria whatsapp number database The government compensates for interest rates under national programs. Therefore, in the conditions of direct subsidization of rates, money actually goes to large banks, which have already announced high profits this year. In our opinion, it is possible to simply not "drive" money around in circles, but to reduce interest rates for priority industries, to provide differentiated rates for individual sectors. The time has come to reconsider the possibility of changing approaches to the application of the mechanism of preferential lending," Alexey Melnikov told a ComNews correspondent.
He suggests that the Central Bank, in addition to measures to manage the key rate, has other mechanisms, such as reserves, risk assessments for individual industries, and the cost of capital. "These things, in the context of managing industries and segments of the economy, in my opinion, would do more to contain inflation and support growth. Inflation occurs not because the cost of industrial production is growing, but because of transaction costs of purchasing components, raw materials, and products abroad. In addition, demand is growing, which is not being satisfied. To satisfy demand, we need to produce more, and to produce more, we need more machines and equipment," says Alexey Melnikov.
"We are faced with the fact that products made in Russia from imported components and sold on international markets are inferior in price to Chinese ones due to differences in interest rates," he said during the plenary session of the National Industrial Congress.
Vladimir Gamza, member of the board and chairman of the council for financial, industrial and investment policy of the Chamber of Commerce and Industry of the Russian Federation, believes that in order to solve the problem of both financing industrial sectors and reducing inflation, the Central Bank and the government need to change and achieve conditions in cooperation where investments would not lead to inflation.