Russia has the capacity of producing from 85 to 87 million tons of grain this year, Deputy Agriculture Minister Sergei Korolev said at a selector meeting in Moscow devoted to the development of animal husbandry and preparations for spring fieldwork in Russia.

In addition, state-owned Russian Agricultural Bank, or Rosselkhozbank, plans to provide over 100 billion roubles of loans for seasonal agricultural works, while state-controlled Sberbank is to provide over 50 billion roubles in other agricultural loans, Putin said.