In a special session of the Russian government on May 4, Prime Minister Mikhail Mishustin addressed a “strategic session on industrial development,” in which he outlined an intensive mission of development of the Russian capital goods-machinery sector, with important dirigist-like government funding.
He stressed: “The President [Putin] has emphasized the need to strengthen the technological sovereignty of our country in the conditions of external sanctions.
“The creation of entirely new approaches towards developing top-priority high-tech products is the result of joint work involving the Government, the regions, business people, and the expert community.”
Mishustin explained: “Our plans call for launching industrial mega-projects in a number of sectors over the next two years, above all in the processing industry, in order to award contracts for developing and introducing critical technologies. It is necessary to focus the entire state support system on implementing these technological projects….
“In 2022, the government reactivated a wide range of state support tools in order to prevent a substantial production slump….
“Using the Industrial Development Fund, we have stepped up financing on preferential terms for high-tech projects, including localization of automotive component manufacturing, as well as components for agricultural machinery, equipment for the chemical industry, the medical industry and pharmaceuticals.
