ANNOUNCEMENT 24 Dec 2018

On 24 December 2018, the Russian Government announced a new set of measures to promote exports and industrial development.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE

Presidium of the Presidential Council for Strategic Development and National Projects. 2018. Meeting on 24 December 2018, Protocol N16. http://government.ru/projects/selection/739/35564/

Inception date: No inception date

Instrument unclear

Russia's Presidential Council for Strategic Development and National Projects, a body uniting highest-ranking staff from the central government and presidential office and regional governors and charged with overseeing "national priority projects" announced the outline of the national project on International Cooperation and Export on 24 December 2018.

Key objectives of the project are to switch the country's export portfolio from raw materials and carbohydrates to manufactured goods, to increase the share of manufacturing, agriculture and services export in the GDP and to promote trade and investments within the Eurasian Economic Union.

The Ministry of Industry and Trade of Russia is charged with overseeing the project that includes five "federal projects":

  • Industrial Exports
  • Agroindustrial Exports
  • International Trade Logistics
  • Exports of Services, and
  • Systemic Measures to Develop International Cooperation and Exports

The project runs between October 2018 December 2024, with a budget of 956.8 billion rubles (USD 13.9 billion). Industrial and agroindustrial export support measures make up a lion's share of the budget, with 424 billion and 407 billion rubles respectively.

Relation of the new budget infrastructure (national projects consisting of federal projects) to the preceding one (state programs and subprograms) has not been widely publicized by the Russian authorities. It appears that the change is primarily a matter of terminology and implementation timeframe, with post-2018 budgetary programming going through national projects, rather than state programs. Responsible ministers, instruments, policy objectives and indicators in trade and industrial policy do not seem to have changed substantively. 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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