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Order of November 10, 2020 No. 2928-r

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Order of November 10, 2020 No. 2928-r

Russia will strengthen the position of domestic radio electronics in the world market. It was decided to maintain the export of such products as a priority. The order was signed by Prime Minister Mikhail Mishustin.

Promotion of the products of the Russian radio-electronic industry to the world market is provided for by the industry development strategy until 2030. The government developed it on behalf of the President and approved it in January 2020.

One of the main development goals of the industry for the next 10 years is a two and a half times increase in revenue, as well as an almost threefold increase in exports.

This is supposed to be achieved through the development of scientific and technical potential, optimization and re-equipment of production, the launch of new industrial technologies, as well as the improvement of the regulatory framework and the training of highly qualified personnel.

In March, Mikhail Mishustin dedicated a special meeting to the development of domestic electronics with the participation of specialized deputy prime ministers and federal ministers. He called for focusing on three components: investment, import substitution and creating comfortable conditions, including benefits and preferences, for market participants.

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

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