Dagestan Industry Development Fund will receive additional 14.4 million rubles to support industrial enterprises of the region. The corresponding decree on the additional capitalization of the regional Fund in order to support industrial enterprises has been signed by the federal prime minister Mikhail Mishustin.

In general, the regions will receive 4.3 billion rubles. This will allow:

— to compensate for 90% of the costs of enterprises for the payment of interest on loan agreements through grants;
— to reduce the interest rate on loans to industrial enterprises for a total amount of more than 20 billion rubles;
— to minimize the impact of negative factors on the regional industrial policy;
— to preserve staff and continue the production of industrial and import-substituting products.