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10:39 (UTC+5), 04 April 2022

Russian government has allocated 20 billion rubles to support industrial investment projects

Tatyana Aksyutina

An additional 20 billion rubles will be allocated to provide preferential loans to industrial enterprises that develop promising technologies and manufacture products that can replace foreign analogues. Prime Minister Mikhail Mishustin signed the corresponding order.

“Such a measure will help implement at least 50 projects in this area across a wide range of industries. The main thing is that business does not stop production processes and, of course, save jobs,” he stated.

Funds allocated from the government's reserve fund will be directed to the Industrial Development Fund, which will then provide soft loans to enterprises.

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