Post sponsored by NewzEngine.com

MIL OSI Translation. Region: Russian Federation –

The funds will be allocated from the reserve fund.

In 2020, Russian industrial companies will receive 5 billion rubles to reimburse the costs of transporting goods. The order was signed by Prime Minister Mikhail Mishustin.

The amount of compensation will be up to 80% of costs, depending on the specifics of a particular industrial production. This opportunity, among other things, will be available to organizations from the automotive, agricultural transport and power engineering industries. The subsidies will make it possible to ensure the supply of products worth at least RUB 45 billion.

Comment

From the opening remarks by Mikhail Mishustin at the Government meeting on October 22, 2020

It was also decided to allocate 600 million rubles to provide subsidies to those who are going to buy a new drilling rig and dispose of the old one. As a result, sales of such equipment are expected to grow by RUB 3 billion in 2020.

Additional financing will support Russian industrial companies, help reduce forced costs and provide business with new orders.

The decision was made atmeeting of the Government on October 22.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI Russia News