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Russia Directs Nearly 1 Billion Rubles to Industrial Development Fund for Import Substitution

The cabinet draws on its reserve fund to boost the FRP’s low-interest lending to domestic manufacturers.

Overview

  • Prime Minister Mikhail Mishustin signed a directive allocating more than 966 million rubles to the FRP.
  • The money is slated for disbursement before year-end to support modernization and production expansion projects.
  • Funds come from the cabinet’s reserve and will be issued as concessional loans to enterprises replacing foreign imports.
  • The allocation supplements an additional 20 billion rubles the government injected into the FRP earlier in 2025.
  • The FRP reports backing over 2,000 projects across machinery, machine tools, electronics, chemical, medical, biopharma and light industry.