The Russian government will allocate nearly ₽860 million (US$11 million) this year to finance the development of industrial parks and techno parks in numerous regions. Industrial and technological parks were a key component of China’s manufacturing success from the early 2000’s to the present day. They offer investment incentives, such as tax breaks, reduced utility overheads, and other subsidies, and are designed to help spur local investment and exports.

The Russia government’s press release on the subject states “The (Russian) Republics of Bashkortostan and Tatarstan as well as the city of Moscow will receive additional funding in 2025 to compensate for costs associated with implementing projects to develop industrial parks and techno parks. A directive to this effect has been signed.”

Over ₽520 million will be allocated for implementing projects at the Laishevo Industrial Park and the Innopark Advanced Techno Park in Tatarstan. Subsidies will also be increased for developing the Ufimsky Industrial Park in Bashkortostan and Rudnevo in Moscow, with over ₽219 million and ₽127 million respectively, to be provided to these regions for these purposes.

Typical tax breaks are at zero profits tax for the initial three years of productivity, gradually increasing to 15%. The standard corporate profits tax in Russia is 20%.

Source: Russiaspivottoasia