The Government of the Russian Federation has changed the validity period of entries in the register of Russian industrial products
The validity period of an entry in the register of Russian industrial products, which confirms its domestic origin, has been increased from three to five years.
Increasing the validity period of the record will reduce the costs of companies to assess the localization level, as well as significantly reduce the administrative burden on domestic manufacturers. Thus, participation in public procurement will be possible without regular reissue of the documentation required for admission to the auction.
In addition, the decision will give manufacturers the opportunity to apply for government support measures that are designed for a period of more than three years.