Over four years, 430 billion rubles have been allocated from the Russian state budget to support the microelectronics industry. According to the results of the first half of the year, the production of electronics and optical products increased by 35%, the Russian Government states

The preferential tax regime for microelectronics manufacturers included in the profile register of the Ministry of Industry and Trade will be extended for three years:

— 3.0% — income tax credited to the federal budget

— 0% — income tax to the regional budget

— 7.6% — insurance premium rates

A bill has already been submitted to the State Duma for consideration, according to which tax benefits will be extended to electronic engineering enterprises and manufacturers of special materials and substances that are used in the production of microelectronics

“The development of the real sector of the economy with full-scale import substitution and ensuring full technical and economic sovereignty of our country is a strategic priority and a necessary condition for economic growth. It is especially important that this happens primarily in high-tech areas of production on the domestic scientific and technological base,” said Alexander Galushka, Deputy Head of the Public Chamber of the Russian Federation