Government Purchases from Small Businesses Will Increase to 25%

Retail Sales in Russia Up in April
Photo: EPA

The State Duma obliged state-owned companies to more often include small businesses in their orders and increase the share of purchases of goods, services, works from small businesses from 15% to 25%, Russian media reported.

The law will come into force on January 1, 2022, and will also apply to social non-profit organizations. This is one of the proposals made by Russian President Vladimir Putin, during the St. Petersburg International Economic Forum.

The government of the Russian Federation has set the minimum size of state purchases for 250 types of domestic goods from 2021 – quotas are set at 50 to 90% of supplies, according to a decree signed by Russian Prime Minister Mikhail Mishustin.

The list includes textiles and fabrics, radio electronics, weapons and tools, communication equipment, medical equipment (ventilators), furniture, cars, and consumer electronics.