Translation. Region: Russian Federal
Source: Government of the Russian Federation – Government of the Russian Federation –
An important disclaimer is at the bottom of this article.
The results of the FRP's activities were discussed in the context of the task of achieving technological and industrial sovereignty, including financing projects in the field of machine tool building, mechanical engineering, chemistry and pharmaceuticals, as well as the fund's contribution to solving unique innovative problems.
From the transcript:
M. Mishustin: Dear Roman Vasilyevich!
You are in charge of an important development institute – the Industrial Development Fund. A large number of projects have been supported by the fund, including in machine tool building, mechanical engineering, manufacturing, chemistry, pharmaceuticals, that is, in those areas where our country is actually addressing issues of supporting its sovereignty, as well as ensuring all the competencies that would make it possible to build up our own, domestic base in these important industries.
What results have you managed to achieve specifically this year?
Director of the Industrial Development Fund Roman Petrutsa at a meeting with Mikhail Mishustin.
R.Petrutsa: Dear Mikhail Vladimirovich, in August we exceeded the figure of 2,000 loans provided. Over 10 years, we have sent about 700 billion rubles to industry, and every third ruble has already returned to the Fund, and the funds that were at our disposal in 2015 have been directed to the third investment cycle.
The Fund's support is in high demand from the industry. And there is a steady positive trend in demand for our product. In 2025, we have about 100 billion rubles at our disposal, with most of it coming from previously financed projects.
Today, FRP is already a thousand launched production facilities, or modernized, mastering the production of new products. And every second of our projects has gone into production. And those projects that we have financed in recent years are already in the active phase of implementation. We are waiting for new launches from production facilities.
In 2025, we expect about 300 new projects. I reported to you earlier that our average pace in recent years has been 250-280 projects per year. This year, I am sure, we will cross the 300 mark. Of course, it is worth noting the quality of the Fund's portfolio. Today, it contains only 1% of problem assets.
It is also worth noting the socio-economic indicators. Our contribution to the country's economy is about half a trillion rubles of private investment. Our clients have already paid about 300 billion rubles in taxes to budgets at various levels. It can be said that 70 kopecks of every ruble financed by the Fund have already returned to the budgets. At the same time, I repeat, the Fund's capital has been preserved to date.
In 2025, as we all know, President Vladimir Vladimirovich Putin approved new priorities for the country's development until 2030, and in some areas until 2036. And 8 national projects of technological leadership fall within the scope of the Industrial Development Fund.
In the general line of development institutes of the VEB Group, our fund is a development institute that is responsible for the technological agenda, for industry. And by today we have accumulated a huge stock of competencies, knowledge and experience in financing technological projects. Thus, more than 40% of our portfolio is mechanical engineering, primarily transport. You remember, we actively financed auto components. And the second and third places are occupied by such knowledge-intensive industries as chemistry and pharmaceuticals.
In August 2025, a meeting of the visiting supervisory board of the Industrial Development Fund was held in Chelyabinsk, where decisions were made to prioritize the Fund's resources for projects that provide for the release of products included in the technological sovereignty maps. In our flagship basic program "Development Projects", this has become a priority.
M. Mishustin: Of course, we must continue to look for effective solutions in the field of industry and the economy. And it is very important that they are innovative. The fund helps, as you said, to attract private investment in industry, and the good, effective work of the fund shows how correctly the production was laid out, how well the financial model was implemented. And of course, private finance follows this. This is very important. And they go into well-thought-out innovative solutions.
My question will be the following: to what extent do you contribute to solving unique innovative problems? After all, considerable funds are allocated for research and development work, which is currently being carried out in the country, and the Ministry of Industry and Trade supplies special tools to those who invest in R&D. The fund, as you said, has accumulated competencies. What is happening with this?
R. Petrutsa: The Industrial Development Fund finances projects of various scales. We have both the purchase of several machines and the financing of large plants from scratch, requiring serious capital-intensive investments. And here we solve two problems: we strengthen medium and small businesses that localize the component base, and we give the opportunity to develop high-tech large-scale projects. At the same time, our entrepreneurs and industrialists not only create industrial sites, equip them with equipment, but also make a significant contribution to the intellectual potential of the country.
Over the years of the fund's work, our clients have filed more than 800 applications for registration of intellectual activity. Two thirds of the registered applications are new patents, inventions and utility models. And the majority are mechanical engineering, as well as pharmaceutical and other high-tech industries.
If we give examples, of course, there are a lot of them. Currently, the fund's portfolio contains more than a thousand projects. I know that in the summer you met the OrenKlip group of companies. They built a plant in an open field – the Orenburg Plant of Automation and Robotics, which will produce robotic equipment for the food industry.
This year, a project was launched in the Nizhny Novgorod region by the company "RusSilika". This is chemistry: components for 23 industries – in fact, for all. The project was included in the list of priorities by the Ministry of Industry and Trade. And the total budget of the project was 21 billion rubles, of which 5 billion were provided by the Industrial Development Fund.
In the Sverdlovsk region, the Cyberstal company launched a project to produce seamless stainless steel pipes. Until today, we imported these products. They are in high demand, especially in the nuclear power industry. The project budget was 12 billion rubles, of which 5.2 billion rubles were again the FRP.
The well-known Ural plant. The fund has already financed a number of projects of this plant. And now the legendary Ural truck will be equipped with its own bridges, front axle. At the same time, the products of the project will be supplied to other automakers for other trucks. That is, localization and cooperation among our auto giants is still growing. Together with the plant management, we participated in laying the first stone in the foundation of the foundry of the new building.
The Industrial Development Fund not only provides preferential loan financing. We are an expert organization within the framework of another key instrument – the cluster investment platform, where enterprises can also receive funds for large-scale projects in the format of preferential financing – from 2 billion to 100 billion rubles. Here, in symbiosis with the Ministry of Industry and Trade, the Industrial Development Fund and the banking system, more than 60 projects in this area have already been approved for a budget amount of more than 1 trillion.
M. Mishustin: Thank you, Roman Vasilyevich. The fund has many tasks for the coming years. First of all, these are the tasks of technological and industrial sovereignty that the head of state sets before us. They must certainly be solved.
To achieve this, of course, we need to increase efforts in all areas so that our economy develops dynamically, so that our competencies, research and development become the basis of a modern, powerful domestic industry. And this is the creation of new jobs, new competencies and, of course, the training of qualified, high-quality personnel.
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
