Digital ministry reboots compensating part of equipment expenses

MOSCOW, Apr 27 (PRIME) -- Russia’s Digital Development Ministry has relaunched a mechanism of cross-cutting contracts to compensate companies-buyers for a spread between the prices of national and foreign equipment if the foreign analogue is cheaper, Minister Maksut Shadayev said late on Wednesday.

“This means that if a company-buyer chooses Russian equipment and it is more expensive than a foreign analogue, we compensate the difference so that there is no additional burden,” Shadayev said.

It requires a long-term forward contract, large volumes, “and, certainly, quality verification so that the colleagues would be ready to purchase this equipment,” the minister added.

First appeared in 2021, the mechanism of cross-cutting projects stipulates that anchor customers guarantee electronics developers demand for not-yet-existing equipment. The government offsets up to 50% of the price of the ordered electronics. Media reported in December 2022 quoting sources that the government had not approved any such project.

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