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Instructions following meeting with Government members

January 26, 2023

The President approved a list of instructions issued following a meeting with Government members held on January 11, 2023.

The instructions to the Government of the Russian Federation concern the approval of data sheets of investment projects that are co-financed from the National Wealth Fund, the funds lent at an interest rate not exceeding 1.5 percent per annum. The projects in question are aimed at the renewal of the fleet of civil aircraft, as well as the construction of civil water transportation vessels and their provision under financial lease agreements concluded on preferential terms.

The Government was also instructed to submit proposals to clarify the methodology for determining the price of oil and petroleum products used for taxation purposes of oil industry businesses in order to minimise the negative impact on federal budget revenues, taking into account the formation of indicative oil prices in the context of sanction restrictions.

January 26, 2023