Deputy PM says Russia’s position in World Bank’s Doing Business rating is big achievementBusiness & Economy October 26, 16:33
Kremlin says presidential aide’s allegedly hacked e-mail data were fabricatedRussian Politics & Diplomacy October 26, 16:12
Russia’s Supreme Court upholds verdict against two Ukrainian nationalistsRussian Politics & Diplomacy October 26, 16:11
Moscow still sees no progress in Viktor Bout caseRussian Politics & Diplomacy October 26, 16:03
Putin will hold negotiations with any president elected in the US — KremlinRussian Politics & Diplomacy October 26, 16:01
Russian diplomat stresses US marines deployment to Norway won't improve securityRussian Politics & Diplomacy October 26, 15:12
Vladimir Putin at All-Russia People's Front meeting in Crimea: live from YaltaRussian Politics & Diplomacy October 26, 15:11
CIS forces hold simulated launches of antiaircraft missilesMilitary & Defense October 26, 15:09
Russia-Egypt first anti-terrorism drillsMilitary & Defense October 26, 15:06
MOSCOW, March 20. /ITAR-TASS/. An industry development fund might be created within the state-run Vnesheconombank (VEB), Finance Minister Anton Siluanov told the congress of Russian Union of Industrialists and Entrepreneurs on Thursday.
“A fund for support of industry may be created within VEB,” he said.
On Wednesday, Industry and Trade Minister Denis Manturov called for establishing an industry development fund to disburse funds for industries at an annual interest rate not exceeding 5%.
“The financial sector cannot sharply cut the loan interest rates for industries, therefore we propose to create an industry development fund,” he said. “The fund, in fact, will be a special crediting program of Vnesheconombank and the Ministry of Industry and Trade.”
The new fund will allow enterprises to get long-term financing at competitive interest rates, Manturov noted, adding that “an interest rate not exceeding 5% means an opportunity to launch new productions and create additional jobs”.