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Technological Development Fund will receive 15 billion from the federal budget
The Russian Government will allocate 15 billion rubles to the Technological Development Fund. These funds are intended for loans to companies that manufacture and supply the goods necessary to combat the spread of COVID-19.
This decision was made at a meeting of the Russian government today, April 30. First of all, we are talking about equipment for the prevention, diagnosis and treatment of coronavirus. It also implies the manufacture and supply of medicines, medical devices and protective equipment.
In addition, projects will be financed from these funds for the introduction of advanced technologies, the creation of new products and import-substituting industries. Part of the money will go to purchase finished products from abroad.
In 2015, the government of the Khabarovsk Territory made an agreement on cooperation with the Russian Foundation for Technological Development.