“Over the two past years the national project has been in action, we have acquired enough experience to polish its mechanisms. Its updated structure offeres a compact and client-oriented export support system for industrial and agricultural products at every stage of its lifecycle – from the mere idea ‘I can export things’ to after-sales services,” said Denis Manturov.
Starting from 2021, the national project will get new support tools for exporters. They will include after-sales services and buyback guarantee. Starting from 2022, a system for subsidizng lost earnings of Russian Railways is planned to be launched. The company faces lost earnings because of discounted tariffs for transporting metallurgical products and mineral fertilizers.
The Minister also noted that the support system for industrial export included seven existing subsidiary tools, such as preferential loans, reimbursing costs of patenting, certification and adapting to global markets, as well as companies’ participation in exhibitions.
“Russian export is already embracing almost all non-commodity and non-energy markets. This is why our key potential lies within removing excess barriers that prevent our companies from entering international markets. Target numbers can be achieved through introduction of an integrated business support system by Ministry of Industry and Trade, Ministry of Agriculture and the Russian Export Center,” summed up the Minister of Industry and Trade.
To recap, the President has set the target of increasing non-observed economy by 70% by 2030. First and foremost, it applies to industrial export.
