MILES AXLE Translation. Region: Russian Federation –
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Resolution of October 4, 2024 No. 1337
The government continues to support investors implementing large projects in priority sectors of the economy. On the instructions of the President, a decision was made to increase the amount of state support for the “Project Financing Factory” program.
Document
Resolution of October 4, 2024 No. 1337
The resolution signed by Prime Minister Mikhail Mishustin increases the size of the state corporation VEB.RF’s participation in syndicated loans from 500 billion to 600 billion rubles, which will help increase the total lending for investment projects in priority sectors of the economy to 6 trillion rubles.
As Mikhail Mishustin noted atGovernment meeting, in general, the program is designed to solve the problem of insufficient capital. Within its framework, large facilities are being built in the gas chemical industry, trunk infrastructure, metallurgy and other areas. They contribute to the achievement of national goals approved by the head of state, the development of Russian regions and the country as a whole.
The Project Financing Factory was launched in 2018, becoming a new mechanism for attracting investment. The program involves issuing loans for the implementation of investment projects in priority sectors of the economy. Such loans can be obtained for projects worth from 3 billion rubles. The operator of the program, coordinating its work, selecting and examining projects, is VEB.RF.
The resolution was prepared to implement the instructions of the President following the XXVII St. Petersburg International Economic Forum, held in June 2024, and the meeting with members of the board of directors of the Russian Union of Industrialists and Entrepreneurs, held in April 2024.
The signed document introduces changes toGovernment Resolution of February 15, 2018 No. 158.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.