Agenda: Social payments for the purchase or construction of residential property for participants in the special military operation, expansion of priority areas for technological sovereignty projects, and the federal investment tax deduction.
Opening remarks by Mikhail Mishustin:
Good morning, colleagues,
Meeting on current issues with deputy prime ministers
Meeting on current issues with deputy prime ministers
Tatyana Golikova at a meeting on current issues with deputy prime ministers
Finance Minister Anton Siluanov at a meeting on current issues with deputy prime ministers
Minister of Economic Development Maxim Reshetnikov at a meeting on current issues with deputy prime ministers
Meeting on current issues with deputy prime ministers
The Government remains committed to expanding support measures for participants in the special military operation and their families, which constitutes a key priority of our work. The President has underscored the necessity of providing continuous and comprehensive assistance to our valiant defenders. They require additional social guarantees, particularly young people who have established families and become parents. They are safeguarding the interests of the state. It is, therefore, imperative that their urgent housing needs are addressed.
To this end, amendments have been introduced to the state programme to ensure that citizens have access to affordable and comfortable housing. Young participants in the special military operation who need to improve their housing conditions will now be furnished with priority access to a financial grant for purchasing an apartment or house. This grant will cover approximately one-third of the real estate cost. These funds may also be utilised for a down payment or mortgage repayment.
We remain steadfast in our commitment to making necessary decisions to support those on the frontline, who are defending the future of our Homeland.
Let’s address another topic. One of the crucial objectives in the coming years is to secure technological leadership, which is vital for achieving the national development goals set by the President. The Government is actively fostering the production of innovative products domestically and is assisting businesses in mastering modern technologies in critical sectors.
A primary instrument in this endeavour is the stimulation of bank lending for technological sovereignty projects, with a mandatory localisation requirement of at least 50 percent. This mechanism has proven effective, with financing amounting to approximately 980 billion roubles already organised.
The scope of areas and selection criteria will now be significantly extended. This will encompass the construction and operation of high-speed railway lines and power plants, conditional upon the use of Russian turbines and components, which is crucial. It will also cover waste recycling, production of composite materials, equipment for LNG production, operation of year-round resorts, among others.
To stimulate such projects, bonds and loans to leasing companies, which purchase products from these enterprises for subsequent consumer transfer, will be utilised.
These amendments will enable the extension of state support to complex technological production, furthering the creation of a supply-side economy, as advocated by the head of state.
Furthermore, as the President has highlighted, it is crucial to stimulate business activity to enhance economic growth, increase employment, and raise citizens' incomes.
To create favourable conditions for entrepreneurial endeavours, the Government has implemented several measures, including agreements on the protection and promotion of capital investments, and a project finance factory, among others.
Acting on the head of state's instructions, this suite of instruments has been expanded. A decision has been made to introduce the federal investment tax deduction, which will be operative from 1 January next year.
Companies investing in their own development will have the opportunity to reclaim 3 percent of such expenses, which may be used to reduce their profit tax liabilities. This incentive will be available to organisations operating in specific areas, including several manufacturing industries, mineral production, research and development, as well as those providing electricity, gas, catering, and hospitality services.
We are confident that this measure will assist entrepreneurs in reducing the costs associated with acquiring and modernising fixed assets, increase project implementation efficiency, and fortify the position of domestic companies in both domestic and international markets.
