Senators proposed to fix the priority of Russian products in investment projects

The Federation Council proposed to fix in the normative act the priority of using Russian products in the implementation of investment projects. About it reported “RIA Novosti” with reference to the relevant resolution.

With such a proposal, the senators addressed the Minister of Industry and Trade Denis Manturov. The Ministry of Industry and Trade was asked to work out the necessary amount of financing for the next three years of the industrial mortgage program, taking into account its expansion.

Also, the Federation Council recommended until August 1 this year, together with the Ministry of Agriculture, to provide support in the creation of pilot projects for a full cycle of deep processing of sheep’s wool, and in addition, to work out the issue of stimulating the extraction of rare and rare earth metals.

In autumn 2022 Vedomosti wrotethat the Ministry of Industry and Trade has prepared amendments, according to which the term “technological sovereignty” should be included in the list of fundamental concepts of the law “On Industrial Policy”.

Then the representative of the ministry explained that the main purpose of the amendments is to consolidate the basic approach at the legislative level – in case of budget financing of any kind, priority should be given to Russian goods.

The document itself specified that Russian industrial products are products manufactured in Russia that meet the criteria established by the government and are included in the register of Russian industrial products. The criteria for getting into this list were planned to be detailed by separate acts of the government.