The Russian government will provide subsidies for small and medium-sized tonnage chemical investment projects

During a meeting of government members, Russian Prime Minister Mishuskyin stated that Russia will provide policy support for small and medium-sized tonnage chemical production projects, and will provide 2.5 billion rubles (approximately US $33.33 million) of subsidies for priority investment projects in the chemical industry in the next four years. The preferential policies cover industries such as construction and road materials, daily chemicals, and investors can receive 70% of the project loan interest repayment in the next four years. In addition, Mi said that Russia is studying removing the maximum investment limit and replacing it with a maximum loan subsidy amount of 8 billion rubles (approximately US $110 million).