Abramovich Jr. no longer wants to build greenhouses in the Far East

The company "Greenhouse" Arkady Abramovich planned to build greenhouses in the Far East for growing vegetables. Recently, the company announced the cancellation of its decision.

"Greenhouse" was going to engage in the cultivation of greenhouse vegetables on the lands of the Far East. It was planned that cucumbers, tomatoes and sweet peppers of the highest quality would grow under the conditions of the greenhouse.

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Grown products intended to be exported to China. The very first about the project said Andrei Tarasenko, who led the Primorsky Krai. He informed the good news in August 2018. And in October of the same year, Arkady Abramovich himself confirmed the information.

The company "Greenhouse" expected that the project would be profitable, since the cost of electricity in the Russian Federation is lower than in China. According to market participants, the cost of the project could be $ 750-900 million.

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However, the successful implementation of the ideas was prevented by the numerous restrictions that the company faced. The region did not have adequate volumes of gas supply and electricity. And for the modernization of the existing infrastructure it was necessary to invest additional funds. Another obstacle was the abolition of state subsidies for capital costs for the construction of greenhouses. Not added optimism and high duties on sales of goods to China.

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