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Russia Adds Over 1.8 Billion Rubles to Industrial Development Fund for Import Substitution

The top-up expands concessional financing for projects replacing foreign-made products.

Overview

  • Prime Minister Mikhail Mishustin approved an allocation of more than 1.8 billion rubles from the cabinet’s reserve fund to recapitalize the Fund for Industrial Development.
  • Funds are directed to projects that create or modernize import‑substituting production, according to the government announcement.
  • Earlier in 2025, the fund received nearly 21 billion rubles in additional federal capitalization, signaling stepped support through the year.
  • The Chelyabinsk regional FRP awarded over 13 million rubles in grants to reimburse R&D costs, including projects by StandUp Innovations and Polymetall.
  • Since launching its grant program in 2022, the Chelyabinsk FRP has backed 82 projects totaling 445 million rubles, with companies able to seek partial R&D reimbursement again next year.