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MIL OSI Translation. Region: Russian Federation –

Source: Government of the Russian Federation – An important disclaimer is located at the bottom of this article.

The Government, on behalf of the President, continues to work on the formation of a supply-side economy. It is aimed at creating modern industrial capacities and industries in our country, and should also contribute to solving a number of systemic tasks that were identified by the head of state, from achieving technological and financial sovereignty to strengthening food security.

Prime Minister Mikhail Mishustin spoke about the importance of this issue during his annual report to the State Duma. The strategic session held on April 9 was also devoted to the development of supply-side economics. Based on its results, the Prime Minister gave a number of instructions aimed at ensuring the achievement of economic growth targets and removing supply side restrictions.

As part of these instructions, sectoral federal executive authorities will, by May 15, develop a set of priority measures for 2024–2025 aimed at increasing supply in the relevant industries.

In particular, the Ministry of Agriculture, with the participation of interested federal executive authorities, has been tasked with preparing a set of priority measures aimed at increasing the supply of agricultural products. They should include, among other things, proposals for expanding preferential lending to create additional capacity in livestock and poultry farming, for adjusting damping mechanisms for grain crops to maintain the export margin rate during fluctuations in world prices for further reinvestment of profits in the industry, for reducing the shortage of food products in regional markets, to clarify production plans taking into account changes in the structure of demand.

The Ministry of Energy has been instructed to approve a set of priority measures to increase the supply of gasoline and diesel fuel.

The Ministry of Industry and Trade needs to work out measures aimed at increasing the supply of industrial products, including cars, medicines (together with the Ministry of Health), and building materials (with the participation of the Ministry of Construction).

The Ministry of Economic Development has given instructions regarding the preparation of a set of measures to increase the supply of quality tourism services near large cities, including by expanding the program to support the construction of modular hotels, increasing the amount of funds allocated to support tourism projects through infrastructure budget loans, funds released when debt is written off regions, as well as a single subsidy for tourism development. The list should also include activities related to the arrangement of points of attraction for tourists, including cultural, historical and natural locations, and with the support of small and medium-sized businesses implementing projects for the development of roadside services.

The Ministry of Transport, on behalf of Mikhail Mishustin, must approve a set of measures to ensure transport accessibility of tourist sites. Particular attention should be paid to the priority development of railway and road tourism in the directions of the Urals, Volga region, central and northwestern parts of Russia, increasing the number of roadside service zones on routes to points of attraction for tourists, including federal, regional and municipal roads, bringing the road network to normative state.

In addition, among the tasks assigned to the Ministry of Transport is the approval of a set of priority measures to increase supply in the provision of air transportation services.

The Ministry of Economic Development will have to prepare and approve a set of measures to support investment activity, including possible measures to improve the efficiency of mechanisms for attracting long-term investments in the economy and the use of capital in the banking sector, as well as development institutions.

The Ministry of Labor and the Ministry of Economic Development need to present initiatives related to increasing the flexibility of the labor market. We are also talking about regulatory legal support for part-time work, reducing excessive requirements for employment and transferring to another job.

The Ministry of Construction, the Ministry of Transport, the Ministry of Industry and Trade, the Ministry of Agriculture, the Ministry of Energy, the Ministry of Sports, the Ministry of Health, the Ministry of Labor, the Ministry of Education, the Ministry of Education, the Ministry of Culture, within the framework of their competencies, must prepare and submit to the Ministry of Economic Development proposals for increasing labor productivity in sectors of the economy, paying special attention to the development of sectoral growth models.

The Ministry of Economic Development, in turn, should develop a set of measures, including the dissemination of lean production in all sectors of the economy and the social sphere and increasing the coverage of projects to increase labor productivity of medium and large enterprises in basic non-resource sectors of the economy, as well as all institutions of the social sphere.

Note; This information is raw content directly from the source of the information. This is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

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

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