Putin Extends Discount on Fuel Supplies for Russian Farmers Amid Drought

Russian Prime Minister Vladimir Putin agreed to extend a discount on fuel supplies to farmers, who are suffering the worst drought in at least a decade.

Prices for oil products including diesel and lubricants were set at December 2009 levels and will be adjusted monthly, according to the government’s website. The prices will be about 10 percent cheaper than current wholesale rates.

The measures have saved farmers about 3.2 billion rubles ($104 million) so far this year, after last year’s 3 billion- ruble subsidy, the government said.

To contact the reporter on this story: Maria Kolesnikova in Moscow at mkolesnikova@bloomberg.net

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