Competitive selection announced for receiving interest payment subsidies

24 July 2018, Tuesday

The Ministry of Industry and Trade of Russia announced the start of the application process for participation in the competitive selection of new integrated investment projects in priority areas of civil industries for inclusion in the list of integrated investment projects.

In accordance with the Resolution of the Russian Government No.3 of January 3, 2014, subsidies are granted from the federal budget to Russian organisations on investment loans received in 2017-2019 in the Russian currency in the amount of 0.7 of the basic indicator calculated in accordance with the Resolution of the Russian Government No. 702 of July 20, 2016.

In turn, subsidies for loans received in 2014-2016 in the Russian currency are granted in the amount of 0.7 of the Russia’s Central Bank key rate to reimburse a part of the investment loan costs.

Subsidies on bonds denominated in the Russian currency are granted at a rate of 70% of the organisation’s actual costs for coupon yield payments on bonded loans.

All procedures related to filing the applications, document exchange, monitoring and supervision of compliance with the terms of granting subsidies, have now been translated into digital format.

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