Post sponsored by

MIL OSI Translation. Region: Russian Federation –

Resolution of September 27, 2021 No. 1619


Resolution of September 27, 2021 No. 1619

Business will be able to offset part of the costs of purchasing and implementing Russian radio-electronic products. The rules for the provision of such state support were approved by Prime Minister Mikhail Mishustin.

Subsidies – up to 4 billion rubles per year – will be provided for projects to introduce Russian products, which are planned to be implemented in the next five years. At the same time, the company itself must invest in the project at least 100 million rubles for the entire period. In addition, the organization must commit itself that the share of Russian electronics in the total volume of the project based on the results of its implementation will be at least 70%.

Due to federal subsidies, companies will be able to reimburse up to 50% of costs. The money, in particular, is allowed to be directed to the purchase of products and components necessary for its implementation, modernization of production, retraining of employees.

Projects that are approved and approved by the Government Commission on Digital Development, the Use of Information Technologies to Improve the Quality of Life and Conditions for Doing Business can apply for state support. The Ministry of Industry and Trade will collect applications for subsidies and conclude relevant agreements.

The work is carried out within the framework of the state program “Development of the electronic and radio-electronic industry”.

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

MIL OSI Russia News