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Leningrad region compensates for export expenses

Thursday, 08.04.2021

Conditions for receiving subsidies by exporting companies have been simplified in Leningrad region.

In Leningrad region, subsidies are provided to small and medium-sized exporting companies for the third year. Using them, the companies can compensate for up to 90% of expenses made within the previous two years. This includes covering expenses on transport and forwarding services, customs declaration services, expenses on products packaging, laboratory research, etc.

Now, due to the pandemic, the recipients of this financial support are not obliged to prove the increase of the income from the sales of goods. According to the new procedure, subsidy recipients should conclude at least one export contract and expand the geography of product supply by at least one new country in the year of receiving subsidies.

In 2021 30 million rubles are allocated from the budget of Leningrad region for the subsidies to the small and medium-sized exporting business.  

An increase of the share of non-resource export is a task set by the May Decree of the President of the Russian Federation and it is being implemented in Leningrad region within the regional project “Industrial export” of the national project “International cooperation and export”.