Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

State Firms Instructed to Buy More From Small Businesses

VedomostiSmall- and medium-sized businesses will receive more support as state-owned companies are encouraged to purchase their goods and services.

Prime Minister Dmitry Medvedev has ordered representatives of the government sitting on the boards of state-owned companies to push for those firms to purchase more goods and services from small- and medium-sized businesses, the government's press service reported Tuesday.

The prime minister also approved directives aimed at increasing orders of innovative products and research and development projects from small- and medium-sized companies by firms in which the state owns stock.

The initiative is part of a "road map" drafted by the government to improve the access of small private firms to the procurement programs of state-run companies.