The Russian government will allocate 20 billion rubles from the reserve fund to support advanced industrial initiatives. The corresponding order was signed by Prime Minister Mikhail Mishustin on June 9, 2025. The funds will go to the Industrial Development Fund (IDF) and will be distributed among 50 projects in the field of import substitution, modernization, and expansion of production.
Funding will affect key industries, 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 time frame.
Their results are necessary, including in related fields, for bringing Russian competitive products to the market, creating breakthrough developments, as well as a base for future development.
The IDF provides concessional loans to enterprises developing promising technologies and producing products that can compete with foreign counterparts.
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