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Deputies of the Legislative assembly of the Nizhniy Novgorod region ratified the law “On the Approval of Addendum to the Investment Agreement between the government of Nizhniy Novgorod region and RusVinyl LLC.

On July 26 within the framework of the Legislative assembly of Nizhniy Novgorod region session, the deputies approved law “On the Approval of Addendum No.1 to the Investment Agreement between the government of Nizhniy Novgorod region and RusVinyl LLC. This Addendum stipulates provision of state support to RusVinyl in the form of tax benefits for five years in the amount of RUR 5, 39 bln. In addition, according the Addendum clauses, RusVinyl will obtain state support in the form of partial compensation for interest rate under credits, attracted for the project implementation, in the amount of RUR 274 mln. for the period from 2014 till 2016.