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Putin orders to create Russia’s industry development fund

Putin also instructed the government to prepare and submit amendments to the tax legislation to the Russian parliament by December 1 to stimulate domestic enterprises to renew their fixed assets

Vladimir Putin ITAR-TASS/Alexei Druzhinin

Vladimir Putin

© ITAR-TASS/Alexei Druzhinin

MOSCOW, May 28. /ITAR-TASS/. Russian President Vladimir Putin has instructed the government to take a decision by September 1 on establishing Russia’s industry development fund as part of additional economic stimulation measures to make loans more accessible for industrial enterprises, the Kremlin website said on Wednesday.

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