ANNOUNCEMENT 30 Oct 2013In October 2013, the government of the Russian Federation announced a change in private-sector financial support.
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Harder than rock: Russian composites on their way to India
On 30 October 2013, the Russian Government approved with Resolution No. 972 the rules for the disbursement of subsidies to Russian organisations in the hi-tech sector, to be used for the implementation of innovative projects. The purpose of the subsidies is to enhance 'the global competitiveness, innovative development and export potential growth of key sectors of the Russian economy'. One of the key targets of the government is to reach a level of RUB 120 billion (ca. USD 3.7 billion) of domestic production of composites until 2020 and an export share of 10 per cent.