Financial news: Monitoring of enterprises: growth of business activity has slowed.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The Bank of Russia's Business Climate Indicator (BCI) stood at 1.5 points in July, down from 3.0 points a month earlier. Current production and demand estimates, as well as short-term expectations, were below the June level. Business price expectations increased slightly after 6 months of decline. Companies' investment activity grew more slowly than in Q2 2025.

Read more in the July issue of the information and analytical commentary "Monitoring of enterprises".

Starting from this issue, the Bank of Russia will regularly publish data on the main indicators of enterprise monitoring by macroregions. In addition, survey data on types of economic activity and groups of enterprises in time series format are now available inData retrieval service (API).

Preview photo: Eric Romanenko / TASS

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.

Every fourth business in Russia considers itself to be part of the creative industries.

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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Only 30% of entrepreneurs in Russia are familiar with the concept of creative industries and associate it with creativity (38%), advertising (17%) and new technologies (13%). At the same time, every fourth respondent classifies their business as a creative industry. These are the findings of the study "Entrepreneurs of Russia: Research Monitoring" (PRIM), which is conducted by the Ministry of Economic Development of Russia, Sberbank and the Public Opinion Foundation.

"According to the results of the PRIM study, only a third of entrepreneurs have heard of creative industries, but every fourth already considers their business to be related to this area. Even with relatively low awareness, many entrepreneurs already associate their activities with creative industries, since their business is somehow related to the creation of original content, design, innovative solutions or cultural values. The study also shows a significant demand for creative specialists: 57% of the entrepreneurs surveyed have experience of cooperation with creative specialists, and 40% of this group intend to continue cooperation. Such dynamics are explained by obvious advantages: according to entrepreneurs, working with creative specialists allows them to attract new clients, strengthen the image and brand recognition, and improve the quality of goods and services," said Deputy Minister of Economic Development of the Russian Federation Tatyana Ilyushnikova.

71% of entrepreneurs have solved creative tasks over the past year, such as creating visual content for promotion (42%). At the same time, 57% of survey participants have engaged external specialists to solve creative tasks. In outsourcing in this area, business owners see both advantages (a chance to attract new clients and improve reputation) and problems (low quality of work, lack of understanding of the specifics of the business). Another 20% of those who have never worked with freelancers would like to start.

“Our study showed that 71% of entrepreneurs annually face the solution of creative tasks in their own business. Most often it is the creation of visual materials for promoting goods and services. At the same time, 42% of businessmen try to cope themselves and a third of them experience significant difficulties. The main problem is in personal qualifications (own and employees), a lack of funds and the lack of creative ideas. Understanding this, Sberba proposed a decision-a Giga assistant who is already available to several hundred thousand entrepreneurs in the Internet banking business. It is developed on the basis of Gigachat’s own neural network model and takes on one of the most important business tasks: it creates a variety of text content, including cards for marketplaces, correctly processes customer reviews, invents promotions. The assistant issues personalized tips and sales analysts based on a particular business data. In parallel, it reduces routine and other standard business tasks-from writing letters to creating an online store directly during a joint dialogue with the owner. We understand how valuable the time of entrepreneurs is, so in the near future we will make a GIGA assistant accessible to all Russian entrepreneurs. After all, now it is evident how generative AI seriously simplifies work with the creative and helps to increase business efficiency, ”said Anatoly Popov, deputy chairman of the board of Sberbank.

In addition to data on creative industries, Sber's research, which took place from May 27 to June 5, 2025, gave an idea of the mood of entrepreneurs in general. Thus, 54% of owners of individual entrepreneurs and LLCs assess their financial situation as satisfactory. 42% believe that it will remain stable in the coming year, and 27% expect improvements.

69% of entrepreneurs do not plan to either expand or reduce their business. 20% of survey participants intend to expand – most often these are young people aged 18-39 (in this category, 30% of respondents answered this way) and those who assess their financial situation as good (35%).

Government support remains important for entrepreneurs. The most popular are special tax regimes (52%), preferential lending (38%), tax breaks (27%) and grants (25%). Women entrepreneurs are more often interested in special tax regimes, training programs and business consulting.

63% of entrepreneurs have employees. The main methods of retaining them are flexible hours (52%), compensation for transportation expenses (37%) and development opportunities (35%). Employees are motivated mainly by money (85%), gratitude (56%) and constructive criticism (43%).

The study covered 614 owners of individual entrepreneurs and LLCs, for whom entrepreneurship is the main type of activity. The survey was conducted by telephone using the CATI method, the statistical error does not exceed 4.8%.

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.

Since the beginning of the year, more than five thousand new SMEs have emerged in the tourism sector in Russia.

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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In the first half of 2025, more than five thousand new small and medium-sized businesses in the tourism sector were created in Russia. Thus, the total number of tourism SMEs in the country reached almost 76.5 thousand, and their revenue by the end of 2024 exceeded 1 trillion rubles.

"Over three years, the number of small and medium-sized enterprises in the tourism sector has grown by 12% and is now approaching 76.5 thousand. And the total employment in the SME segment in the tourism sector is 296 thousand people. The growth rate of domestic tourism and targeted government support provide opportunities for the development of small and medium-sized businesses. Moreover, this is a two-way street: the active involvement of SMEs in the creation of tourism infrastructure is not only a response to market demand, but also the creation of new points of attraction for the redistribution or increase of tourist flows," said Deputy Minister of Economic Development of the Russian Federation Dmitry Vakhrukov.

According to the SME Corporation, the growth rate of SMEs in tourism is 1.5 times higher than in other industries.

"The key feature of the growth of tourism SMEs was the high growth rate relative to SMEs in all industries – more than 1.5 times. Since the beginning of 2025, more than five thousand SMEs have been created in key areas of tourism with a reproduction rate (the ratio of opened and closed enterprises) of 1.7. In general, for all industries, this ratio is significantly lower and is 1.1. Another important trend is the interest in tourism on the part of young people. Every fifth SME is accounted for by young entrepreneurs under 35. At the same time, the average age of entrepreneurs in the tourism sector is 44 years old, which is a year higher than the average for the SME sector," said Alexander Isaevich, General Director of the SME Corporation.

About 45% of SMEs in the tourism sector have hired workers, their number is 234 thousand people. Another 62 thousand are self-employed citizens who work as guides and also provide temporary accommodation services.

The largest number of SMEs in tourism in 2025 opened in Moscow (537), Krasnodar Krai (465), St. Petersburg (282), Moscow Region (244), and the Altai Republic (225). In the ranking of cities, besides Moscow, the resort city of Sochi leads in this indicator (86 SMEs), followed by Krasnodar (83), Yekaterinburg (72), Ufa (60), and Kazan (53). The top 10 municipalities in terms of business growth in tourism also included Gelendzhik (48), Perm (48), municipalities of the city of Moscow (47), Anapa (45), and Novosibirsk (44).

Let us recall that in order to support the tourism business, the SME Corporation allocated a special limit of "umbrella" guarantees in 2025, which will allow small and medium businesses in this area to attract at least 25 billion rubles by the end of the year. A full range of financial and non-financial support measures for the creation and development of entrepreneurship in the tourism sector is presented on the SME.RF Digital Platform.

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.

Ministry of Economic Development: SEZs have become points of growth and concentration of high technologies.

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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On July 15, the Federation Council held a round table on the topic of "Development of special economic zones of the technology-implementation type as a driver of innovation." The event was organized by the Committee on Economic Policy with the participation of Senator Vladimir Kravchenko. The discussion was attended by Deputy Minister of Economic Development of the Russian Federation Svyatoslav Sorokin, representatives of the Ministry of Industry and Trade, heads of special economic zones (SEZ) of the technology-implementation type, as well as industry experts.

Today, there are seven special economic zones of the technology implementation type operating in Russia. Despite their small number, they demonstrate impressive results from year to year, promoting the development of high-tech production and innovative infrastructure. They include: SEZ Technopolis Moscow (Moscow), Saint Petersburg (Saint Petersburg), Dubna (Moscow Region), Tomsk (Tomsk Region), Innopolis (Republic of Tatarstan), Istok (Fryazino, Moscow Region), and Saratov (Saratov, Saratov Region).

In his report, Svyatoslav Sorokin noted the importance of technology implementation zones in the formation of non-resource growth of the economy and the technological sovereignty of the country.

"Today we see that, despite the fact that there are only seven technology-implementation SEZs, they generate almost half of all revenue and jobs created in the SEZ territory. This speaks to the high efficiency of this format and its key role in the development of high-tech production," the deputy minister emphasized.

Today, there are more than 570 residents registered in the TVT SEZ, 32 of which have foreign capital. The total revenue of residents exceeds 1.75 trillion rubles (43% of the total revenue for all SEZs), and the volume of investments amounted to more than 764 billion rubles. Thanks to the activities of these zones, more than 50 thousand highly paid jobs have been created.

"Residents of technology-implementation SEZs today produce unique IT solutions, medical products, and products for the aviation and space industries. These are real growth points and architects of the innovative economy," noted Svyatoslav Sorokin.

The roundtable participants discussed proposals for fine-tuning the SEZ mechanism, aimed at increasing their efficiency and investment attractiveness. The Ministry of Economic Development will work on initiatives from the constituent entities of the Russian Federation to adjust the methodology for assessing the efficiency of special economic zones, providing for increased attention to the development of technologies and the introduction of innovations. The new approach will be implemented taking into account the emphasis on technology implementation processes that ensure the implementation of the strategic goals of the national economy – structural adaptation of industries and the achievement of technological sovereignty of the country. These measures are aimed at increasing the competitiveness of Russian enterprises, accelerating scientific and technological progress and ensuring the sustainability of economic growth in the context of global competition.

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.

The State Duma approved in the first reading the bill on investment programs in the housing and communal services sector.

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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At a meeting on Tuesday, July 15, State Duma deputies supported in the first reading a systemic bill that will help increase investment in the housing and utilities sector and modernize the utilities infrastructure.

The bill was prepared in the context of fulfilling the order of Russian President Vladimir Putin to attract budget and private funds in the amount of 4.5 trillion rubles for the modernization of critical infrastructure by 2030.

"The bill introduces a rule for resource supplying organizations to approve investment programs. We also link these programs with depreciation already taken into account in the current tariffs. In the absence of legislatively established directions for depreciation, it is impossible to track what purposes it is spent on (major repairs, covering current expenses, or placing funds on deposits), since this remains at the discretion of the resource supplying organization," Deputy Minister of Economic Development Mikhail Kaminsky noted at the plenary session.

Depreciation charges in the housing and utilities sector are part of the cost of fixed assets that organizations include in their costs to compensate for their wear and tear. Depreciation is already included in the tariffs that the population pays for housing and utilities services, while depreciation can also be used for purposes not related to the modernization of housing and utilities facilities, which leads to insufficient funding of investment programs and accelerated wear and tear of infrastructure.

Now the direction of depreciation to finance investment programs will become mandatory. This will allow the investment resource already included in the tariff to be used for the development of the industry. According to Mikhail Kaminsky, today no more than 10% of organizations have investment programs.

The mechanism of regulatory agreements, which will be extended to the heat supply sector and fine-tuned in water supply, will help support investments in the regions of the Russian Federation. The agreement will establish the procedure for determining and changing tariffs for the heat supply organization, and will record the obligations of the subject of the Russian Federation, the municipality to set tariffs for the entire term of the agreement. This is necessary to attract private investment and provide regions and municipalities with the opportunity to provide budget support measures to resource supply organizations.

“We are thus providing the opportunity to record long-term mutual obligations of resource supplying organizations, regions and municipalities: organizations will receive long-term tariffs that take into account investment programs for a period of at least five years, and regions and municipalities will receive modernized infrastructure facilities,” Mikhail Kaminsky clarified.

The bill also introduces a unified approach to monitoring the implementation of investment programs. Currently, regional state control over investment programs is carried out within the framework of tariff regulation. Now the bodies authorized to do so, which are determined by the region itself, will work according to the rules of the basic law on control. In particular, they will receive the right to inspect the implementation of investment program activities.

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.

Financial news: Results of monitoring maximum interest rates of credit institutions (07/15/2025)

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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1 When determining the maximum interest rate for each credit institution:

— maximum rates on deposits available to any client (including potential ones) without restrictions and preconditions are taken into account. Deposits for selected categories of clients (pensioners, children) and purposes (for social and humanitarian purposes, etc.) are not considered;

— rates with capitalization of interest on the deposit are not taken into account;

— rates that apply under certain conditions (regular turnover on a bank card, constant minimum balance on a bank card, etc.) are not taken into account;

— combined deposit products, i.e. deposits with additional conditions, are not considered. Such additional conditions for calculating an increased interest rate may be, for example, the purchase of investment units for a certain amount, opening an investment account, registration of an investment or savings life insurance program, connection of an additional service package, etc.;

— deposits whose term is divided into periods with different rates are not considered.

The average maximum interest rate indicator is calculated as the arithmetic mean of the maximum interest rates of 10 credit institutions.

2 PJSC Sberbank (1481) – www.sberbank.ru, VTB Bank (PJSC) (1000) – www.vtb.ru, GPB Bank (JSC) (354) – www.gazprombank.ru, JSC Alfa-Bank (1326) – alfabank.ru, JSC Rosselkhozbank (3349) – www.rshb.ru, JSC "Bank Dom.RF" (2312) – domrfbank.ru, PJSC "Moscow Credit Bank" (1978) – mkb.ru, JSC "TBank" (2673) – www.tbank.ru, PJSC "Promsvyazbank" (3251) – psbank.ru, PJSC "Sovcombank" (963) – sovcombank.ru. The monitoring was conducted by the Department of Banking Regulation and Analytics of the Bank of Russia using information provided on the specified websites. The published indicator is indicative.

3 Average maximum interest rates on deposits: for a term of up to 90 days – 17.22%; for a term of 91 to 180 days – 17.39%; for a term of 181 days to 1 year – 16.93%; for a term of over 1 year – 15.08%.

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.

Just Four Months – Russians Reveal How Long They Are Ready to Live Without a Salary

Translation. Region: Russian Federal

Source: Mainfin Bank –

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How do Russians evaluate the financial “safety cushion”?

During the survey, 38% of Russians admitted to having no savings – they have no savings, so not receiving a salary in the first month will have a negative impact on their standard of living. The remaining citizens noted that they have a "safety cushion", savings are enough to live without income:

13% of Russians – no more than a month; 24% – within two months; another 12% of citizens will be able to hold out for up to six months; 7% of respondents are ready to live on savings for up to a year; only 6% of Russians have savings that will last for a year or more.

A similar picture was demonstrated by the results of a similar survey conducted a year earlier. Then, 27% of respondents stated that their savings would last up to three months, and 12% – up to six months. The typical portrait of a person with savings was a family man, holding a management position in a large city and having a higher education.

What has changed in the area of financial literacy among Russians?

Although almost 40% of Russians do not have savings, the level of economic literacy in the country continues to grow. As the results of the study showed:

78% of the population control the family budget; 80% of citizens plan income and purchases; about 50% of respondents keep track of their funds.

“Surveys show that Russians are attentive to money – many plan a budget, control expenses, and keep records,” the expert noted.

By the way, the literacy level of men is higher than that of women. Representatives of the stronger sex tend to plan expenses for a longer period – from six months: women are more likely to make impulsive purchases. Experts reminded that having a “safety cushion” for 3-6 months is the optimal solution that will allow you to survive a crisis or force majeure.

12:00 07/15/2025

Source:

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The open data portal is resuming its work.

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

An important disclaimer is at the bottom of this article.

On July 15, 2025, the Ministry of Economic Development of Russia launches an updated state Open Data Portal. It is a comprehensive system that ensures transparency in the work of government bodies and provides centralized access to open information for all citizens and organizations in the country. In the future, the functionality of the portal will be further developed and expanded, including at the suggestions of businesses.

According to Vladimir Voloshin, Director of the Department of Digital Development and Data Economy of the Ministry of Economic Development of Russia, openness of data today is not just access to information, but a working tool for business, public administration, development and training of artificial intelligence technologies.

"The launch of the new portal will be an important step in the development of the state's digital ecosystem, providing citizens and businesses with relevant and easy-to-use information. The updated version of the Portal has received more than 10 new functional solutions aimed at increasing user convenience, improving data visualization and compliance with modern security requirements," Vladimir Voloshin emphasized.

The key changes affected the updated interface design, expanded functionality for monitoring the maintenance of data set passports, personal accounts for users and information providers. The interactive map of the subjects of the Russian Federation provides a list of legitimate data providers. Users can now visualize data sets in graphic form, analyze statistics through BI tools, and receive prompt assistance through a chat bot based on artificial intelligence.

"When developing the updated Portal, we proceeded from the need to create a convenient space that will allow you to work effectively with open data, including having clear navigation. For this purpose, a full-text search is provided, which covers all sections of the system. Information providers are available in the registry with filters by name, type of organization, region and other parameters. Data sets are accompanied by statistics on views and downloads, the ability to filter and unload in machine-readable formats. In addition, we tried to make the Portal useful in terms of filling it with high-quality data sets, including the functionality of sending a request for the preparation and publication of in-demand data that is currently not presented on the portal," commented Vladimir Voloshin, adding that about five thousand data sets have been uploaded so far, and that in the future, it is planned to refine the functionality of the portal, taking into account the wishes of users and businesses.

The portal fully complies with the requirements of the Methodological Recommendations for the Publication of Open Data version 4.0, including the automation of the formation of data set passports, verification of format-logical control and integration with the Unified Identification and Authentication System.

The updated Open Data Portal is available at Date.gov.ru.

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.

Alexey Khersontsev: the effectiveness of supervisory measures demonstrates steady growth

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

An important disclaimer is at the bottom of this article.

State Secretary – Deputy Minister of Economic Development of Russia Alexey Khersontsev presented the main provisions of the Consolidated Report on State Control (Supervision) and Municipal Control in the Russian Federation for 2024 to the State Duma and the Federation Council. The activities are carried out under the supervision of Deputy Chairman – Chief of Staff of the Government of the Russian Federation Dmitry Grigorenko.

"The government is consistently improving the control and supervision sphere in Russia. We have abandoned unnecessary inspections and are introducing digital forms of control. This allows us to reduce the administrative burden on businesses and remain on guard of the rights of our citizens. Now the number of inspections is at a historical minimum: in 2024, there were fewer of them than in the COVID-19 year of 2020," commented Dmitry Grigorenko.

According to Alexey Khersontsev, large-scale changes have occurred over several years of reform of control (supervisory) activities. The transformations, based on the introduction of a risk-oriented approach, revision of inspection planning, digitalization of control processes and strengthening of the role of preventive measures, affected all levels of government bodies – from federal to municipal.

"2024 has become an important stage in the development of these transformations. Throughout the entire period, comprehensive work was carried out to reduce the number of excessive inspections, increase the transparency of supervision and reduce the administrative burden on entrepreneurs. At the same time, the key priority remained maintaining the necessary level of protection of citizens' rights and ensuring the sustainability of the economic system," said Oleksiy Khersontsev.

The main trend of the past year was the reduction of control (supervisory) activities. Compared to 2023, their number decreased by 8.2% and by more than 23% compared to 2020. This was achieved by enshrining the principle of priority inspections only for high and extremely high risk categories. That is, only those organizations and enterprises are inspected where there is a risk of harm to the life and health of citizens or harm to the environment.

At the same time, a quarter of all inspections were carried out on small and medium-sized businesses. Of these, 75% concerned microenterprises, and most often, inspectors visited retail and catering facilities.

“This is explained by the high social significance of these areas and the need for constant quality control of products and services,” emphasized Alexey Khersontsev.

According to the Deputy Minister, the effectiveness of inspections based on risk indicators is growing — 87.3% in 2024 (76.6% in 2023). This is accompanied by the development of new indicators, the number of which has increased almost threefold compared to 2022: in 2024, their number reached 542. When developing them, the opinion of businesses participating in specialized working groups of the Analytical Center under the Government of the Russian Federation is taken into account.

Preventive visits have also proven their effectiveness, and their number in 2024 approached 1.2 million. Their assessment by the business community is perceived positively, emphasized Alexey Khersontsev. At the same time, the popularity of the pre-trial appeal service is growing. Last year, more than 3.5 thousand complaints were received from businesses, which is 45% more than the year before. 484 decisions were appealed in court, almost every fifth was overturned. At the same time, the legislation provides for the possibility of appealing both the decisions of inspectors and the assigned risk category.

“The growth in efficiency and effectiveness in terms of key indicators of control (supervisory) activities indicates an increase in the accuracy of inspection planning and the quality of analytical work of control bodies,” Alexey Khersontsev particularly noted, adding that the country’s population feels this security and, according to RANEPA surveys, this level of security is the highest compared to previous years.

The consolidated report also presents a rating of control bodies and subjects of the Russian Federation by the number of inspections. Roszdravnadzor became the leader in 2024, and the top 5 regions included St. Petersburg, Sevastopol, Sverdlovsk Oblast, Yamalo-Nenets Autonomous Okrug and Moscow Oblast.

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.

The government will support the construction of modular hotels in the regions.

Translation. Region: Russian Federal

Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

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The Russian government has approved a regulation on the distribution of funds between regions to support the construction of modular hotels. It is planned to allocate 15 billion rubles in the next three years.

The modular hotel support program is in high demand among businesses and regions. 13 thousand rooms have already been introduced under this program. Given the demand for the program, the Government decided to extend the term of the program, and a selection of projects was conducted for the next three years. 77 regions took part in the competition, submitting 1.8 thousand projects for the creation of more than 40 thousand rooms. This is one and a half times higher than the figures for a similar competition two years ago.

Based on the results of the selection, 380 projects from 55 regions will receive support; they are aimed at creating almost 11 thousand rooms. State support funds will be used to provide financial support or reimburse the costs of purchasing and installing modular non-capital accommodation facilities for tourists. The largest amount of funding was allocated to regions with projects in tourist SEZs (North Caucasus Federal District, Irkutsk Region, Kemerovo) and entities through which popular tourist routes pass (Vladimir and Yaroslavl Regions).

For the first time, the Republic of Mordovia, Vologda Oblast and Kamchatka Krai will receive subsidies under the program, which became possible thanks to the high-quality development of their projects.

“It is important that such projects are implemented within the specified timeframes, that they meet the highest safety requirements and provide comfortable conditions,” emphasized the Chairman of the Government of the Russian Federation Mikhail Mishustin.

At the same time, investors in the Far East, the Arctic and the Far North are allowed to use subsidies for the construction of non-capital facilities for the placement of non-factory production. This is due to the remoteness of such territories from the centers of production of modular structures and the high cost of their delivery.

Among the priority areas are the implementation of investment projects in new regions and in the territories of special economic zones of the tourist and recreational type, the construction of facilities near automobile tourist routes passing through sections of the federal roads M-4 "Don", M-8 "Kholmogory", M-11 "Neva", M-12 "Vostok".

"The modular hotel support program has proven its relevance: businesses and regions have actively joined the work, proposing large-scale initiatives. We paid special attention to the transparency of the selection, stimulating responsible use of funds and compliance with implementation deadlines. Within two weeks, we plan to conclude agreements with the regions and provide funding so that within a month the funds will be received by investors and practical work will begin," said Maxim Reshetnikov, Minister of Economic Development of Russia.

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.