8 billion rubles have been allocated to compensate for the costs of transporting industrial products for Russian exporters. This was stated by Prime Minister of Russia Mikhail Mishustin at a meeting with Deputy Prime Ministers on August 1. You can apply for state support on the My Export digital platform.
“Increasing non-commodity exports is the most important task set by the President. The Russian economy is still open to all countries that want to develop partnerships. Under the sanctions restrictions, Russian manufacturers face additional costs and problems. To support such companies, the government is simplifying the current compensation scheme to 80% of the cost of transporting their products and more than doubling the maximum amount of payment, from 11% to 25% of the cost of exported manufactured goods. Almost 8 billion rubles are provided for these purposes within the framework of the national project International Cooperation and Export,” the Prime Minister noted.
The head of the Russian government also noted that now, in order to receive a subsidy, companies do not need to submit an application in advance indicating the planned volume of transportation and go through a complex selection procedure – “complex, including bureaucratic.”
“All the necessary documents can be provided upon delivery of products to foreign markets. Moreover, this can be done both through the My Export digital platform and in the usual paper form,” Mikhail Mishustin emphasized.
Mikhail Mishustin instructed the Ministry of Industry and Trade and the Russian Export Center to organize work on the new rules that will be in effect in 2022 and 2023 as soon as possible.