The Regional Decree is a comprehensive regulatory act establishing detailed procedures for granting subsidies under the departmental project “Development of traditional sectors of economy of the North and the fisheries complex”, which forms part of the regional State Program “Development of agriculture and regulation of markets for agricultural products, raw materials and food”. These subsidies are designed to support a wide range of traditional economic activities, including industrial fishing, modernization of fishery infrastructure, fur bearing animal farming, purchase of young livestock, and development of reindeer herding infrastructure. Each annex to the decree outlines a specific subsidy mechanism, defining objectives, eligible recipients, spending categories, limits on financial support, and formulas for calculating subsidy amounts. The regulations emphasize strict eligibility criteria for participants. Applicants must not be connected to offshore jurisdictions, extremist or terrorist activities, or foreign influence; must not be undergoing liquidation or bankruptcy; and must not have previously received funding for the same purposes under other regional acts. The Ministry of Agriculture of Yakutia oversees the entire process: announcing competitive selections, verifying compliance through interagency checks, collecting documentation, and concluding formal subsidy agreements. These agreements include extensive obligations, such as quarterly reporting, mandatory audits, transparency requirements, and restrictions on spending—most notably a ban on purchasing foreign currency except when legally required for importing high tech equipment. The document also establishes clear monitoring, reporting, and enforcement mechanisms. Recipients must provide quarterly reports on both expenditures and achieved results, such as fish catch volumes, production of pelts, preservation of reindeer herd sizes, or commissioning of new equipment and facilities. Failure to meet planned targets triggers proportional repayment of the subsidy based on predefined formulas, and full repayment may be required in cases of misuse or non compliance. Provisions are included for reorganization of enterprises and for individual entrepreneurs called to military service, allowing for deadline extensions under certain conditions. Overall, the act provides a detailed, highly structured framework intended to ensure transparent and effective allocation of public funds to support traditional northern economic sectors in the region.
Russian Federation · 2024-06-27