Related Keywords: against foreign competition, approved programme under existing govt policy, cover interest rates on loans, protect domestic textile industry, provide funds for technical support, re-equipping manufacturers, Russia government, spent on direct subsidies for textile and clothing manufacturers, Strategy of development of textile and light industry
The Russian government to protect the domestic textile industry against foreign competition has approved a proposed programme under an existing government policy know as the “Strategy of development of textile and light industry in the Russian Federation for the period till 2025” which includes covering the current financial year.
The volume of support has been set by the ministry of industry and trade at two billion roubles (US$30m).
