Russia’s state-owned Rosselkhozbank in investing nearly US$50 million for the creation of a new poultry complex in Tula Oblast. The state-of-the-art facility will produce broilers, and through the facility, LLC Volovskiy will process 51,000 tons of poultry meat per year.

 

A line of credit totaling US$41.2 million has been opened – of which, US$15.8 million has been allocated to the first phase of construction of the facility.

 

“The implementation of a large-scale investment project in poultry farming will contribute to the development of agriculture and the economy of Tula Oblast”, said a representative of the bank.