Translation. Region: Russian Federal
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Document
Order dated June 9, 2025 No. 1499-r
The government has approved a decision on additional capitalization of the Industrial Development Fund – 20 billion rubles will be allocated from the Cabinet’s reserve fund in 2025 for the implementation of various projects in the field of import substitution, as well as for the modernization and expansion of production. The order to this effect was signed by Prime Minister Mikhail Mishustin.
The funding will provide support to 50 projects aimed at developing and implementing promising technologies at enterprises and introducing new high-tech industrial products into production.
Their implementation will help attract about 5 billion rubles of private investment and create more than a thousand jobs, primarily in mechanical engineering, metalworking, chemical, medical and biopharmaceutical industries – those industries that are included in the perimeter of national projects for technological leadership.
Commenting on the decision takenGovernment meeting on June 16, Mikhail Mishustin noted that state-funded projects must achieve the goals set by the President within the established timeframes.
“Their results are necessary, including in related areas, to bring competitive Russian products to the market, create breakthrough developments, and also form the basis for future development,” the head of government emphasized.
The Industrial Development Fund provides preferential loans to enterprises that are engaged in the development of promising technologies and the production of products that can replace foreign analogues.
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