This was reported on the website of the government.

“The government will continue to finance regional industrial development programs.

In 2022, more than 3.7 billion rubles will be allocated for these purposes.

This order was signed by Prime Minister Mikhail Mishustin,” the statement said.

The funds will be distributed among 54 regions determined by the results of the competitive selection of industrial development programs.

Subsidies will go to investment projects to modernize industrial enterprises.

“We are talking, in particular, about the reimbursement of part of the costs for the purchase of new equipment, compensation for lease payments, payment for the services of resource-supplying organizations for connecting to public infrastructure,” the message says.

Earlier it was reported that the Russian Cabinet of Ministers will allocate 7 billion rubles for soft loans to fuel and energy companies.