Siberian agriculture sustains $1.2 mln in losses in floods - minister

Agriculture in southern Siberia has sustained 41 million rubles ($1.2 mln) in losses as a result of the flooding, said Russian Agriculture Minister Nikolai Fyodorov.

 Agriculture in southern Siberia has sustained 41 million rubles ($1.2 mln) in losses as a result of the flooding, said Russian Agriculture Minister Nikolai Fyodorov.

"A preliminary estimate suggests that agriculture sustained 41 million rubles in direct losses, including 35 million rubles in the Altai Territory and 6 million rubles in the Republic of Altai," he told President Vladimir Putin.

He said the regional authorities plan to re-sow crops and thus reduce further losses.

"In principle, we can partially compensate the losses. The Agriculture Ministry has resources to do that - resources maintained to deal with seasonal risks. The relevant item was added to the federal budget for the first time this year," he said.

Fyodorov said that livestock farming also sustained losses - 39 million rubles in Khakassia and some 7 million rubles in Tyva, according to preliminary estimates. He added that the damage could be partially compensated in these cases, as well.

Read more: Flooding hits southern Siberia and Russian Far East

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