Russia criticised for new export proposals

RUSSIA: The government has reportedly proposed plans to increase the amount wind turbine component suppliers should export from their Russian facilities.

Russia’s deputy minister of industry and trade Vasily Osmakov
Russia’s deputy minister of industry and trade Vasily Osmakov

According to recent statements by Russia’s deputy minister of industry and trade Vasiliy Osmakov, in order for wind investors in Russia to access government funding, they should procure components from manufacturers that export approximately 30% of their products abroad.

Currently, the export quota is roughly 10% but the requirement could increase in the next couple of years.

The government hopes the machinery will be supplied to markets in Europe Asia-Pacific or Latin America.

According to Osmakov, providing exports will allow wind power investors in Russia to gain an access to a wide range of support mechanisms, provided by the state.

These could include compensation for research and development activities, the provision of support during certification procedures in foreign markets, the establishment of after-sales service systems, the production and sale of pilot products.

A large number of investors operating in Russia have criticised the new proposal.

A majority of wind turbine component suppliers in Russia usually solely focus their supply to local customers and do not have any plans to export.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in