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Russian exporters to receive subventions on product certification abroad

Russian exporters to receive subventions on product certification abroad
25.01.2017

The TechnoNICOL Corporation, one of Russias great exporters of industrial products, has received state subvention from the federal budget to cover expenses on certification in global markets, in compliance with the Government Decree 1388 dated 17.12.2016.

The TechnoNICOL Corporation exports construction materials to over 80 countries of the world. On the one hand, the rubble depreciation has opened additional opportunities to exporters by lowering prices on Russian products abroad. On the other, it has led to significant growth in expenses on material certification in external markets. The question of subsiding these costs has been regularly highlighted by the president of the TechnoNICOL Corporation, presidium member of the General council of the Public organization “Delovaya Rossiya” (Business Russia) Sergey Kolesnikov during meetings with representatives of Russian executive authorities, among them the WEF meeting of the Russian President Vladimir Putin with prospective investors of the Far Eastern Federal district in September of 2016.

On December 17, 2016, the Government Decree  1388 has been adopted to control the partial compensation of costs on product certification for entering the global market. This should increase the number of exporters, improve competitive edges of the Russian export, enlarge the stock list of supplied high-tech products and its export geography.

“We are glad that our efforts for the benefit of Russian industrial goods exporters have been successful and we are grateful to the Russian authorities for the constructive position”, commented the president of the TechnoNICOL Corporation Sergey Kolesnikov. “It’s essential that the authority hears the business and our joint efforts help to solve old problems. This will contribute to strengthening and diversification of the Russian economy and improve the investment sentiments”.

The TechnoNICOL Corporation supplies roofing, waterproofing and heat insulation materials to the states of Eastern, Western and Northern Europe, countries of ATR, Australia, China, India. In the late 2016, TechnoNICOL started supplies of stone wool to Canada. Another prospective export destination should be Iran. The company executed the first supply of polymer-bitumen membranes to this country in 2016.