PM on creating favorable conditions for Russian businesses

“A mandatory demand to guarantee the efficiency of investment portfolios is stipulated if budgetary funding is allocated to an innovative development institution by contributing to its statutory capital,” Russia’s Prime Minister, quoted by the government website, said at a government video conference. “Legislative amendments facilitating greater demand for Russian goods are an important matter. This implies purchases by companies and corporations with state capital. Clients will be required to include information about the country of the goods’ origin in various contracts. This will help promote Russian-made goods during purchases, including under import substitution projects and during the implementation of national projects. And, of course, this will create favorable conditions for Russian businesses and also for expanding their output.”

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