The agenda: Credit programme for the implementation of technological sovereignty programmes, leasing support for SMEs, budgetary allocations for the purchase of heating oil for the regions in the Far East and the Arctic, funding the restoration of sports facilities in the new regions.
Government meeting
Mikhail Mishustin’s opening remarks:
We continue to take measures to facilitate the structural adaptation of the Russian economy during this period of continuing sanctions and restrictions. Today, these measures are helping businesses build up the production of critical equipment and the necessary components in order to minimise Russia’s dependence on foreign development and foreign suppliers.
In line with the President’s instructions, we are launching a new programme to support large investment projects that will help achieve technological sovereignty. It involves increasing the availability of debt financing for the implementation of entrepreneurial initiatives worth from 1 billion to 20 billion roubles.
In order to do this, the VEB.RF development bank will begin to provide companies with guarantees using a simplified system, the total volume of which could amount to 200 billion roubles.
Under the approved parameters, it will be possible to secure obligations with them for up to 50 percent of the full loan amount. Moreover, the share of the borrower’s own funds must be at least 20 percent for a loan term of 3 to 15 years. This new tool will help open more promising industrial production.
On to another topic.
Encouraging the development of small and medium-sized business is a Government priority. In this sector, many important tasks for the state are being addressed, the services necessary for citizens and enterprises are being created, and new jobs and interesting innovations are coming to fruition.
Today we will allocate additional funding, almost 1.3 billion roubles, to subsidise leasing for relevant organisations. This is part of a specialised national project, implemented at the initiative of the head of state.
This financing will expand the number of participants in programmes run by SME Leasing. More companies will be able to sign agreements at preferential rates of up to 6 percent for Russian-made equipment, and receive the equipment and fixed assets they need, and as a result, improve the economics of their projects and increase the volume of production of important and necessary products.
Today’s agenda includes an entire package of regional issues.
In line with the President’s instructions, we will assist the regions in the Far East and the Arctic purchase heating oil. The fuel will be used to replenish reserves at thermal power plants and boiler houses in the Kamchatka Territory and the Murmansk Region.
By the end of this year, they will have received about 4.5 billion roubles.
These measures will make it possible to compensate heating supply companies for the rising cost of fuel and provide heat to homes, social facilities and our enterprises.
This last autumn, we began to stabilise the domestic market for petroleum products, an area where Russian exports were partially restricted. This helped stop the price increases and completely cover the needs for fuels and lubricants in the agricultural sector, industry, and housing and utilities services.
Government meeting
Today we will also decide on support for the Donetsk and Lugansk republics, and the Kherson and Zaporozhye regions.
The President instructed us to pay special attention to the integration of the new regions into the Russian sports system. The government is actively and systematically working to resolve this issue. Earlier, funds were allocated for the overhaul of sports infrastructure.
Today we will allocate additional resources for the restoration of ten other facilities. These include ice arenas and swimming pools, stadiums, educational complexes, and schools.
Thanks to the measures taken, amateur and professional athletes will have up-to-date and comfortable places to train, which will contribute to the development of public sports in these Russian regions.
