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Russian President Vladimir Putin's address to the Federal Assembly

$2.2 bln to be allocated for support of priority products output — Putin

The Russian leader suggested increasing the basis for depreciation and amortization, which will total 200% of costs for domestic equipment

MOSCOW, February 29. /TASS/. Russian authorities will allocate at least 200 bln rubles ($2.2 bln) more within the cluster investment platform framework to subsidize interest rates for projects where priority industrial products are manufactured, President Vladimir Putin said in the State of the Nation Address to the Federal Assembly.

"We will further allocate at least 200 bln [rubles] more as part of the cluster investment platform to subsidize interest rate for projects on the output of priority industrial products," the head of state said.

The Russian leader suggested increasing the basis for depreciation and amortization, which will total 200% of costs for domestic equipment, and for research and development to stimulate the upgrade of production capacities of plants.

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Russia's domestic policy

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