Donetsk, Aug 3 — DAN. Russian authorities will allocate more than 1.1 billion rublles from the federal budget to replenish the Industry Development Fund of the Donetsk People’s Republic, the DPR Industry and Trade Ministry press service told the Donetsk News Agency.

“Federal budget allocations totaling 1,132,309.1 rubles will support the provision by the Fund of preferential loans and grants to regional enterprises in 2023, ” the press service said.

Thirty-five companies have already applied to the DPR Industry Development Fund for grants.

The new Russian regions will receive more than 2.9 billion rubles in IDF replenishment packages this year. The DPR IDF will get five billion rubles over three years; it is expected to be one of the largest in the country, regional officials told DAN. *jk