Global Trade Alert
Global Trade Alert

Russia: Government allocates over RUB 25.43 billion in financial grants for development and adoption of high-tech products in 2024

Announcement

27 Nov 2023

In November 2023, the Russian government announced the allocation of around RUB 25.43 billion (USD 285.59 million) in financial grants to support research and development activities by local companies in 2024. It constitutes a RUB 18.8 billion (USD 211.13 million) increase compared to the total regular budget of this state aid scheme in 2023, which was around RUB 6.63 billion (USD 74.46 million).

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jan 2024

Revocation date:

31 Dec 2024

Last action: 27 Nov 2023
Financial grant
On 27 November 2023, the Russian government published Federal Law No. 540-FZ on the federal budget for 2024, allocating in its Annex 12, Section 020 around RUB 25.43 billion (USD 285.59 million) in fi...
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