The Government of the Russian Federation increased the maximum amount of compensation for the expenses of timber enterprises for the transportation of their products

As Mikhail Mishustin, Prime Minister of the Russian Federation, announced at a meeting with deputy prime ministers, the government had increased the value of subsidies compensating for the expenses of Russian timber enterprises for the transportation of their products from 300 to 500 million rubles. The maximum compensable share of actual transportation costs of timber enterprises had been increased as well: from 80 to 100%.

The Prime Minister noted that the decision would be valid for the ports of the Northwestern Federal District until June 30, 2023.  The head of the Cabinet also instructed the Ministry of Industry and Trade and the Russian Export Center to promptly respond to requests from companies to subsidize their transportation costs.