Russian IDF funding expanded for timber industry, mining equipment leasing - Industry and Trade Ministry
CHELYABINSK. Aug 15 (Interfax) - The Industry and Trade Ministry has expanded opportunities for attracting financing from the Industrial Development Fund (IDF) for leasing mineral processing and mining equipment, as well as implementing timber industry projects, the ministry's press service said.
The corresponding decision was made at a meeting of the IDF supervisory board held in Chelyabinsk under the chairmanship of Industry and Trade Minister Anton Alikhanov, the press service said.
The list of products available for acquisition under the Leasing Projects program was expanded to include new types of mineral processing and mining equipment, as well as cable cars for the tourism industry.
The maximum funding amount under the Timber Industry Projects special federal-regional program was also doubled from 100 million rubles to 200 million rubles. The program aims to develop wood processing enterprises through the acquisition of technological equipment using loan funds.
The IDF began financing 139 projects and continued financing 123 projects under previously concluded agreements in January-July 2025, the ministry said. The total amount of funds provided this year exceeded 39 billion rubles. In 2025, the IDF plans to initiate financing for about 300 new industrial projects, with total funding reaching approximately 100 billion rubles.
The IDF was established in 2014 on the basis of the Russian Technology Development Fund to finance projects aimed at producing high-tech products, import substitution, equipment leasing, production digitalization and other initiatives. It provides targeted loans at 3% and 5% annual interest for up to seven years, ranging from 5 million to 5 billion rubles. The IDF also co-finances projects requiring loans up to 200 million rubles together with regional industrial development funds.
The IDF also operates as the manager of the Cluster Investment Platform (CIP). Currently, the preferential CIP interest rate stands at 8.4% per annum, and according to the ministry, 64 projects with a total budget of 1.25 trillion rubles have been approved to date.
