The Government supported the proposals of the Ministry of Economic Development of Russia and the World Bank. The Russian Federation on expanding the taxonomy of technological sovereignty and structural adjustment of the economy. The decision was signed by the Chairman of the Government, Mikhail Misustin.

In April 2023, the Government of the Russian Federation approved the priority areas of the projects, as well as the criteria for such projects (taxonomia), which allowed them to use State support mechanisms.

The Taxonomy of Technology Sovereignty is one of the mechanisms for supporting investment in the draft national objective " Technological Leadership " , set out in the May decree of President Vladimir Putin.

The main idea of developing a taxonomy is to create additional incentives for funding organizations to lend exactly the projects in which the State is concerned. Such projects promote the production of innovative products and the development of advanced technologies in critical areas, the replacement of foreign materials, kits and equipment in the field of high technology products in Russian production, and the reorientation of transport and logistics flows to southern and eastern areas.

Mineconomy development with WEB. The Russian Federation has prepared a draft regulation that broadens the scope of the taxonomy mechanism of technological sovereignty. The taxonomy is now complemented by new directions in the construction of power plants, the development of the generation of renewable, hydrogen and nuclear power, and the construction of high-speed high-speed lines. The signed regulation has significantly expanded the set of financial instruments to support taxonomy projects of technological sovereignty and the structural adjustment of the economy. In particular, investors will be able to use bonds to finance projects, and banks will be able to lend leasing companies that buy products that correspond to technology sovereignty taxonomy to sellers that produce such products and participate in the project.

The taxonomy will also include round-trip resorts in the Baltic, Azov, Black, Caspian, Japanese and Lake Baikal, North Sea development.

" The taxonomy mechanism allows banks to reduce the pressure on capital on earmarked loans for technology sovereignty projects. The expansion of taxonomy would give a new vector to industrial development, help to create conditions for the production of products and services far exceeding imports. Technological sovereignty is not only an important element of the independence of the State, the possession of critical technologies for the well-being and the ability to create them on their own, but also the creation of high-technology, innovative jobs in various constituent entities of the Russian Federation, noted by the Deputy Minister for Economic Development of the Russian Federation, Maxim Kolesnikov.

Changes to the regulation will also broaden the list of tools used to finance projects.

“If these were only credits, bonds, sponsorships, bank guarantees, and loans from a leasing company that finances the recipient of a technology sovereignty project or a structural adjustment project for the Russian Federation economy will be added. Taking into account the work of the CB on enabling regulation of changes to the decision, it would be possible to attract funding for more such projects”, the First Vice-President of the WEB noted. Alexei Mirochchenko's RF.

Technological sovereignty projects are being implemented in 19 regions of the country, including the Kaliningrad, Irkut, Leningrad, Murmansk region, the Republic of Tatarstan, the Primorsk region and others.

Total for commercial banks and WEB. 27 technical and structural adjustment projects with a total value of 1 trillion roubles (97.6 billion roubles) have already been selected. Of these, seven projects per 225.8 billion roubles are implemented with the participation of VEB credit funds. RF. WEB. The RF maintains a register of such projects.

Source: www.economy.gov.ru
Source: freepik.com

***
In the Yaroslav region, various assistance is provided to entrepreneurs through the Mala and Middle Entrepreneurship Project, as well as to industrial enterprises under the " Productivity " project and the " International Cooperation and Export " national project.

All support measures for small and medium-sized businesses can be accessed on my business site.

Details of all support measures for industry and investors on the investing site