Industry Development Fund provides 790 mln rbls for LPR projects

Society  Business 

The Lugansk People’s Republic Industry Development Fund has allocated more than 790 billion rubles to industrial companies implementing projects in the Republic, LPR Head Leonid Pasechnik said at the forum “I’m Proud of Russia” hosted by the Sambek Heights Military-Historical Museum Complex in the Rostov region.

The regional industry is reviving dynamically thanks to state support measures at the regional and federal level,” Pasechnik said. “They help enterprises retool and boost production.”

As of November 23, the Industry Development Fund had provided 550 million rubles for projects of nine LPR enterprises.

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In March 2023, the LPR government approved the establishment of the regional Industry Development Fund. It is expected to support some 20 LPR companies at the initial stage.*i*sb

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