Russian Prime Minister Dmitry Medvedev signed a decree on extending measures to support manufacturers of machinery and equipment for the food and processing industries, for these purposes 1.5 billion rubles ($ 24 million) are allocated for 2018-2020.
"Subsidies will be provided to manufacturers in the amount of 15% of the cost of equipment (including VAT), and in the case of equipment sold to buyers registered in the Siberian and Far Eastern Federal Districts, the Republic of Crimea, Sevastopol and Kaliningrad region - at least 20 % of the price of equipment (including value added tax)," the explanatory note says.
According to the representative of the Ministry of Industry and Trade, the measures taken should stabilize the volume of production and sales of equipment, promote production growth, and preserve jobs. In 2017, 500 million rubles ($ 8 million) were allocated for these purposes, which made it possible to increase production to 16 billion rubles ($ 256 million).
Source: Sphere Publishing House.
