The FRP is transferred to a mutual fund format within the VEB. RF The government submitted to the State Duma a bill to transform the Industrial Development Fund (IDF) into a Closed Trust Investment Fund (CLIF) with the transfer of trust management to a specially established management company, fully owned by the state. The integration will enable VEB. RF to increase capital through an asset contribution from funds returned under previously issued preferential loans, and to attract market financing. The state corporation estimates that for every ruble of capital from the Federal Investment Fund, it will be possible to attract 9-10 rubles of external funds, which will enable new industrial projects to be financed with a total volume of up to 1.2 trillion rubles. Since 2014, the fund has been operating as an autonomous institution of the federal state (FSAU) under the supervision of the VEB. RF provided enterprises with preferential loans at a rate of 3% and 5% per year for up to seven years in the amount of 5 million to 2 billion rubles. According to the data of the Ministry of Economic Development, with its support 1,255 companies were created or production was expanded in priority areas. The current organizational and legal form has limited the possibilities to attract private investment, while the status of a closed mutual fund opens up access to VEB's instruments. RF, including the issuance of bonds. The volume of additional capitalization is expected at the level of 96.9 billion rubles in 2027, 123.7 billion in 2028 and 106.2 billion in 2029. A member of the General Council of Business Russia points out that we are talking about a deep financial transformation, which increases VEB's capital adequacy ratio. RF without a direct additional burden on the budget and opens up opportunities for projects worth tens and hundreds of billions of rubles. The mechanism for the selection and issuance of preferential loans, as well as the conditions for granting them, remain the same, which ensures continued support for the industry while at the same time expanding the resource base. The effectiveness of the reform will be determined by the degree of the new structure's ability to maintain the priorities of the industrial policy.

The FRP is transferred to a mutual fund format within the VEB. RF The government submitted to the State Duma a bill to transform the Industrial Development Fund (IDF) into a Closed Trust Investment Fund (CLIF) with the transfer of trust management to a specially established management company, fully owned by the state. The integration will enable VEB. RF to increase capital through an asset contribution from funds returned under previously issued preferential loans, and to attract market financing. The state corporation estimates that for every ruble of capital from the Federal Investment Fund, it will be possible to attract 9-10 rubles of external funds, which will enable new industrial projects to be financed with a total volume of up to 1.2 trillion rubles. Since 2014, the fund has been operating as an autonomous institution of the federal state (FSAU) under the supervision of the VEB. RF provided enterprises with preferential loans at a rate of 3% and 5% per year for up to seven years in the amount of 5 million to 2 billion rubles. According to the data of the Ministry of Economic Development, with its support 1,255 companies were created or production was expanded in priority areas. The current organizational and legal form has limited the possibilities to attract private investment, while the status of a closed mutual fund opens up access to VEB's instruments. RF, including the issuance of bonds. The volume of additional capitalization is expected at the level of 96.9 billion rubles in 2027, 123.7 billion in 2028 and 106.2 billion in 2029. A member of the General Council of Business Russia points out that we are talking about a deep financial transformation, which increases VEB's capital adequacy ratio. RF without a direct additional burden on the budget and opens up opportunities for projects worth tens and hundreds of billions of rubles. The mechanism for the selection and issuance of preferential loans, as well as the conditions for granting them, remain the same, which ensures continued support for the industry while at the same time expanding the resource base. The effectiveness of the reform will be determined by the degree of the new structure's ability to maintain the priorities of the industrial policy.