The occupation authority of the Crimea allowed the state bakery company Krymkhleb (Crimean Bread) to take a loan of 150 million rubles in the Russian National Commercial Bank to replenish working capital and purchase wheat grain.
The corresponding order was published on the "government" portal.
The maximum borrowing rate is 12% per annum. However, any guarantee of fulfillment of obligations to repay the loan is absent.
Earlier, the so-called state council of the occupied Crimea agreed on the privatization of the largest fixed-line operator - SUE Krymtelecom, as well as enterprises Krymbhleb, Simferopol Grain Products Plant, SUE Krymotechnology (Crimean technologies) and Publishing House and Printing House Tavrida.