Russian authorities seeking to extend measures under 'International Cooperation and Export' national project beyond 2024 - Manturov

MOSCOW. March 16 (Interfax) - The Russian government has in general agreed to extend after 2024 support measures for exporters under the "International Cooperation and Export" national project beyond 2024, Deputy Prime Minister and Industry and Trade Minister Denis Manturov said on Thursday during the congress of the Russian Union of Industrialists and Entrepreneurs.

The issue was discussed by the Cabinet on Tuesday and "received backing in principle," Manturov said.

"Demand potential depends directly on the speed of export reorientation. A set of state support measures under the relevant national project has proven itself successful. At the same time, we have had many requests to extend the tools of the national project beyond 2024. We discussed this with the prime minister on Tuesday. In principle, the proposal made me and Andrei Removich [Belousov, First Deputy Prime Minister] received support," Manturov said.

The "International Cooperation and Export" national project is aimed at increasing non-commodity non-energy exports from Russia and includes measures to support exporters through corporate programs to improve competitiveness (providing access to preferential lending to producers of export-oriented products), subsidizing part of the cost of transporting products, subsidizing the costs of homologation and certification of products abroad.