The ministry proposes providing state support for projects in the Arctic Zone of the Russian Federation depending on the type of economic activity11 November 2020
The Ministry for the Development of the Russian Far East proposed applying varied ratios of the total amount of state support to an enterprise's declared private investments in the Arctic zone of the Russian Federation depending on the field of economic activity, reported TASS news agency.
The Ministry wants to make sure that the total amount of state support for an investment project does not exceed 20% of the private investments declared for its implementation. This includes all types of agriculture, hunting, fishing and fish farming, temporary accommodation facilities, arts and entertainment, libraries, archives, museums and other cultural facilities, sports, recreation and entertainment.
Meanwhile, the amount of state support for investment projects for other types of economic activity should not exceed 10%.