The Russian Government has approved the Rules for granting subsidies allocated in the federal budget the fishery companies and individual entrepreneurs for the reimbursement of the cost of paying interest on investment loans borrowed in the Russian credit organizations in 2008-2009 for the construction and modernization of fishing vessels. A decree of the RF Government dated December 31 2009 N1205 was published today, February 2, in "Rossiyskaya Gazeta".

A former decree of Russian Government dated June 18, 2009 (N 504) that regulated rules for granting subsidies is no longer in effect, the document says.