The FRP will be integrated into 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 managed by the VEB structure. RF. If the law is approved, the reorganization is scheduled to begin on January 1, 2027. VEB predicts that the new model will make it possible to finance industrial projects worth 1.2 trillion rubles. At the same time, they promise to maintain the terms of the preferential loans from the IDF: rates of 3% and 5% per year, amounting to between 5 million and 2 billion rubles. Money Flow Mechanism The repayments on existing loans will be sent to the federal budget to offset the fund's debt to the state, and then returned to VEB in the form of a donation of state property to pay for the new fund's shares. As planned, the reform should simultaneously expand the financing options for the industry and integrate the refund of funds previously allocated by the state into VEB capital. But apparently, in practice, access to preferential loans and the previous procedure for selecting projects will change. MashTech on Telegram | at MAX.