To replace the import of chemical products included in the sanctions lists, it is necessary to ensure the volume of investment in the creation of chemical production of 1.1-1.3 trillion rubles and the growth rate of Russia’s GDP according to the “accelerated adaptation” scenario. Bring the Economy to New Conditions” Developed by the Ministry of Economic Development, Russia needs to invest up to 2.5-3 trillion rubles in the creation of new capacities. By 2030. State Duma deputy Maria Vasilkova stated this at the meeting of the expert council on the development of the chemical industry under the Committee on Industry and Trade of the State Duma of Russia, held within the framework of the Moscow International Chemistry Forum.
The parliamentarian noted that there are a number of government support measures for chemical industry enterprises that are facing unprecedented sanctions pressure today.
Thus, the total amount of state support to chemical complex organizations in January-December 2022 amounted to 34.47 billion rubles, and in January-June of this year it was 10.41 billion rubles.
Vasilkova emphasized that state support measures are provided at all stages of the implementation of investment projects.
A new support tool aimed at stimulating investment activities, achieving technological sovereignty and accelerating the country’s economic growth rate is the granting of preferential loans to organizations implementing investment projects aimed at the production of priority industrial products (PIP).
The MP also said: An online survey among participants of the Moscow International Chemistry Forum showed that not all industrial companies know about and use existing support measures.
“Businesses need to be informed about available support tools and efforts to increase their availability need to be strengthened,” Vasilkova said.
VEB.RF Deputy Chairman Yuri Korsun said that organizing the financing of projects in the chemical industry, including small-scale chemicals, is the most important task.
Representatives of the banking community noted that the problem that arises when making decisions on financing investment projects in the chemical industry is the “emerging” technological risk.
It was recommended to start creating accredited engineering companies that can undertake technological risks or to support insurance institutions in increasing the limits for insuring such risks.