About the Foundation

The Industrial Development Fund is a state development institute, an important element of the state measures aimed at increasing global competitiveness of Russian industry, implementing import substitution and export policies. The Fund was launched in 2014 on the initiative of the Ministry of Industry and Trade of the Russian Federation and supports both Russian and foreign investors.

For the implementation of industrial technology projects the Fund provides targeted loans of between 5 and 750 million rubles at the rate of 1%, 3% and 5% p.a. for up to 7 years on a competitive basis, attracting direct investments into the real sector of the economy.

The Fund is an operator of special investment contracts.

The Fund takes active efforts to establish international partnership and develop economic cooperation, including localization of industrial projects in Russia.

Matthias Schepp
Frank Schauff
Alexis Rodzianko
Ernesto Ferlenghi
Pavel Chinsky
Oleg B. Prozorov
Victor Audera
Kim Jong Kyung
Matthias Schepp
Chairman of the AHK Executive Board
Traditionally, German business is the champion of localization in Russia: numerous small and medium-sized German companies have established their production here. According to an AHK survey, a third of our members are currently thinking about further localization in the Russian market within the coming three years.
Frank Schauff
Chief Executive Officer, Association of European Businesses (AEB)
The volume of direct European investments in Russia amounts over 50% of the total volume of foreign investments. In spite of turbulent times Russia remains the main trading partner for the EU countries. The AEB is the main representation of foreign investors in Russia, and based on the first-hand information we are confident that foreign companies will continue to develop their businesses in Russia.
Alexis Rodzianko
President and CEO of the American Chamber of Commerce in Russia
An AmCham survey estimates cumulative US corporate Foreign Direct Investment into Russia as at least 82.44 bln USD based on 90 large companies. While historically FDI into the energy sector, specifically oil and gas, predominated, investment into manufacturing is now growing as US companies actively localize their production in Russia, thus taking part in ‘new industrialization’ of the country. Their new plants bring along new technologies and bolster the country’s export potential.
Ernesto Ferlenghi
President, Confidustria Russia
At this moment, of course, the import from Italy to Russia keeps dropping, and so I tell Italian businessmen – localize your production in Russia. It will be exclusively this way from now onwards and, from my humble point of view, this is right, especially for Russia. Russia is a huge country, there live and work talented people, this is why localization and joint ventures will inevitably succeed, I am sure of it.
Pavel Chinsky
General Director of Franco-Russian Chamber of Commerce and Industry (CCI France Russie)
French companies quickly adapted to the new priorities of Russia. In the last years there was quite a long list of new projects in Russia as localization from the very beginning in the 90’s was the main format of French investments. And now the companies start to export the goods produced in Russia to other countries, from CIS to Europe and Asia. Also French companies began to invest in the Far East regions while the Urals have stopped to be “psychological border” for investing. French business considers Russia as a strategic place for investments and strengthen for this goal of close economic partnership and mutual benefit.
Oleg B. Prozorov
Head of The Belgian-Luxembourg Chamber of Commerce in Russia
Russia is a country of great opportunities and huge projects!
The Industrial Development Fund is one of the exclusive economic institutes of Development, which was created especially, to assist investors.
Providing best conditions for the location of industrial enterprises, made Russia the ideal and attractive place among other countries of the Eurasian region.
Victor Audera
Chief Economic and Commercial Counsellor, Embassy of Spain
Up to now, the investment of Spanish industrial companies in Russia has been well below it´s real potential, but however the ones that have established production facilities here are extremely satisfied with the results they have attained. This reinforces my convincement that Spanish companies should invest heavily in this market and take advantage of the great current possibilities that the current economic upturn and the policy of industrial development offer.
Kim Jong Kyung
General Director KOTRA in CIS
Korean companies consider Russia as a large market with high potential for sales and industrial cooperation. During last 4 years, industrial production and wholesale and retail business were the main areas for Korean investment in Russia (43% and 31.7% of total investment respectively). Korean companies invested into both, the development of existing production facilities in Russia, and into new industrial and service projects. We expect that continuous development of Korea-Russian cooperation in such turbulent times will bring mutually beneficial long-term results.
One-stop-shop approach
One-stop-shop approach
The Fund runs a consultation center where you can learn not only about the Fund's own programs, but also about other forms of support for manufacturers.
We support various industries
We support various industries
We understand that Russia today is not self-sufficient in virtually anything; therefore we have no favorite industries.
We help strong players
We help strong players
We can only support those who are most likely to deliver results, and that is usually those who have done so before. Thus, our clients are sustainable companies with a history of successful development.
We empower innovators
We empower innovators
We are ready to provide loans for the completion of R&D or commercialization of new products. The winner is not that who follows more inventive competitors, but that who offers new ideas.
It is necessary to support localization of production in Russia by foreign manufacturers. The Fund is prepared to provide loans to companies of foreign origin provided that they are based in Russia.
The Special Investment Contract (SPIC)

SPIC is an agreement between an industrial investor and the State which sets forth

  • guarantees for stable tax and regulatory conditions + measures of state support
  • investor’s obligations to create (or modernize) industrial production facilities and set up production
  • creation or modernization of industrial production facilities
  • implementation of the best available techniques
  • mastering industrial production which has no Russian-made equivalents
  • What will remain constant?
Duration of the SPIC = time for the project to become operationally profitable + 5 years (but not more than 10 years)

The minimum amount of investments (to conclude a SPIC with the RF) is 750 mln RUB. (VAT excluded)

SPIC’s documents for download

Vladimir Putin
President of the Russian Federation
The goal is not to substitute foreign products with Russian ones by any means possible. It is necessary to arrange mass production of Russian products that are high-quality. The special investment contract mechanism should become an important tool of import substitution. It involves a whole set of benefits and incentives for the modernization or construction of new industrial facilities for a period of up to 10 years. I appeal to the regions to actively use this instrument and closely work with prospective and possible investors.
Denis Manturov
Minister of Industry and Trade of the Russian Federation
We don’t intend to substitute everything. We aim to substitute imports in those sectors where it will have a noticeable economical effect and where products are not intended just for the Russian or EAEU market but also have substantial export potential. It is those particular projects that we will support in 20 industries where an import substitution plan has been prepared.
Dmitry Kozak
Deputy Prime Minister of the Russian Federation (supervises industrial sector)
The reloaded SPIC mechanism is going to be aimed at stimulating the development and implementation of modern, not available in Russia, technologies that are critical for increasing the competitiveness of Russian industry. The list of such technologies will be approved by the Government of the Russian Federation and maximum state support will be given for their implementation.
Denis Manturov
Minister of Industry and Trade of the Russian Federation
We intend to implement a new mechanism – special investment contracts which provide Russian and foreign investors with an opportunity to obtain preferential financing from both the federal and regional budgets. But what is most important are the constant business conditions for the ten-year period of the special investment contract provided by both the federal and regional authorities.
Vasiliy Osmakov
Deputy Minister
The Special Investment Contract is a tool to improve global competitive abilities of enterprises. The SPIC implementation allows tackling three major industrial tasks: to master or upgrade production facilities, to increase the localization level and to expand export deliveries. The name of the mechanism itself describes it as a platform for communications between business and the state.
About Fund Programs

The Industrial Development Fund provides loans on a competitive basis for implementation of projects aimed at introduction of advanced technologies, creation of new products or setup of import-substitution production facilities. The Fund’s loans are provided on a repayable basis and on co-financing conditions. The applicant needs to provide security for the loan principal and interests for the entire period (guarantee, surety, pledge).

More details

Development Projects
The Development Projects program provides loans for the implementation of import-substitution projects for the production of competitive civilian products.
Machine tool Manufacture
The Machine tool Manufacture program provides loans for technological upgrade and modernization of equipment and engineering software production.
The Components program is intended for the projects targeted at setup and/or modernization of production of the components used as part of the industrial products listed in an annex to resolution No. 719 of the RF Government dated 17 July 2015.
Lease Projects
The Lease Projects program provides preferential financing for the advance payment part of a lease contract for production equipment.
Drug labeling
The Drug Labeling program is intended to finance projects for purchase of drug labeling equipment at pharmaceutical enterprises.
Labor Productivity
The Labor Productivity program is intended to finance the projects targeted at gain in labor productivity at industrial enterprises (as part of the “Gain in labor productivity and employment support” priority program).
Industry digitalization
The Industry Digitalization program provides preferential loans for the projects targeted at the introduction of digital and process solutions intended to streamline enterprise production processes.

Lyalin pereulok, 6/1

Moscow, Russia, 105062

Timur Tsupikov


Phone:  +7-495-120-24-16 ext. 401

International partnership and localization
The Russian-German External chamber of commerce expresses the interests of the German business community in Russian and German economic and political committees and maintains intensive contacts with German and Russian economic associations and competent ministries. External chamber of commerce provides consulting, information and support for German and Russian companies, starting with entering the market and ending with the establishment of the company and everyday issues of business life.
The Russian-German External chamber of commerce is entrusted with the task of promoting the development of bilateral economic relations between Russia and Germany. Our members are companies from all areas of the German or Russian economy. In total, External chamber of commerce currently has about 800 member companies in Russia.
KOTRA is a non-profit organization created by the Korean government on June 21, 1962 to promote trade between Korea and other countries. For more than 50 years, KOTRA has been helping interested companies from all over the world to develop business relations with the Republic of Korea. KOTRA has established an extensive network of foreign representative offices for the effective performance of its functions. At the moment there are 126 representative offices in 86 countries of the world.
Today KOTRA operates not only in the field of international trade, but also in the field of investment. In order to effectively implement the tasks, we are actively working with the latest achievements of modern technologies and are developing the use of interactive e-commerce sites.
The mission of Groupe CCI France Russie is to strengthen the economic and trade ties between France and Russia, promote cross-investment, constructive dialogue and the best understanding of French and Russian reality.
Providing ongoing support to its member companies, the Groupe CCI France Russie:
▪    unites companies into a professional community that opens up new opportunities for them through the activities of the Franco-Russian Chamber of Commerce and Industry;
▪    protects their interests before authorized persons and authorities of both states in the framework of the work of the Economic Council;
▪    It provides comprehensive information on the Russian market and the current political and economic situation in Russia, prepared by the French-Russian analytical center Observo at the Chamber.
The Association of European Businesses (established in 1995) is the main representative body of foreign investors in Russia. It is an independent non-commercial organization that represents and promotes the interests of European companies conducting business in and with the Russian Federation.
The AEB carries out activities to improve the Russian business and trade environment and to promote economic integration and partnership between the Russian Federation and the European Union.
Turkish Exporters Assembly (TIM) as the roof organization of the exporting firms around 83,000 was established in 1993. It continues its studies on legitimate basis as the professional organization of the firms involved in foreign trade.
TIM having the vision of "to render the change is to design the future” acts to insure the coordination between the public and private sector organizations and exporters and decision-makers. TIM working with the objective of being a solution center for the export issues establishes policies towards the development of the export.
Business Russia is an All Russia Public Organization that unites more than 3,000 entrepreneurs mainly from medium non-resource business. Founded in 2001, the Organization today has 79 regional offices across all country.

Business Russia combines enterprises from more than 40 fields: construction, light industry, IT and high technologies, mechanical engineering, agriculture, financial sector, etc. The managing board of Business Russia is called General Council and includes around 200 national business leaders The total annual revenue of companies belonging to or headed by Business Russia members is about 2.8 trillion rubles, the total number of jobs in these companies is almost 1 million.
The organization is incorporated into decision-making system. Business Russia representatives are the members of 250 advisory bodies under the President of the Russian Federation, the government of the Russian Federation, the Federal Assembly, federal ministries and departments. The organization on a regular basis prepares annual reports and elaborates proposals on different aspects of social and economic policies, particularly those on industrial and regional development, tariff and tax regulations of business activity, and initiatives on expanding business, entrepreneurial activity and competition development.
The Russian Union of Industrialists and Entrepreneurs (RSPP) was established in June 1990 as a non-political organization to protect the interests of industry at the time of fast and large-scale transformations in the state politics and economy. RSPP President is Alexander Nikolaevich Shokhin.
RSPP represents the interests of all Russian businesses irrespective of size, sector or regional location of companies. The Russian Union of Industrialists and Entrepreneurs acts in two forms – as a non-governmental organization and all-Russian association of employers, the combination which allows advocate the interests of the RSPP members most effectively given different rights and capabilities of our organizations.
The guilds founded in the time of Peter the Great can be considered the first prototypes of business-related groups in Russia. Their members negotiated over different aspects of trade and industry with the city authorities.
Analysis of the hisstory of the Chamber of Commerce and Industry of the Russian Federation helps to find optimal solutions arising in everyday business life and economic situations of Russia. The application of this priceless heritage is a guarantee of success of the Chamber of Commerce and Industry of the Russian Federation in the present and the future.