The Russian government will allocate 20 billion rubles from its reserve fund to support advanced industrial initiatives. The corresponding order was signed by Prime Minister Mikhail Mishustin on June 9, 2025. The funds will be transferred to the Industrial Development Fund (IDF) and distributed among 50 projects in the fields of import substitution, modernization, and production expansion.
Funding will affect key sectors, including mechanical engineering, metalworking, chemical, medical, and biopharmaceutical industries. According to estimates, the implementation of these projects will attract an additional 5 billion rubles of private investment and create more than a thousand jobs. As Mishustin noted at the government meeting, the funded projects must achieve the goals set by the President within the established timeframe.
Their results are necessary, including in related fields, for launching competitive Russian products on the market, creating breakthrough developments, and establishing a foundation for future development.
The IDF provides concessional loans to enterprises developing promising technologies and producing products capable of competing with foreign counterparts.
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