Russia to Invest $3.3 Billion in Machine Tool and Robotics Industry

The Russian government will allocate 300 billion rubles to revive its machine tool sector and support domestic robotics development, according to Prime Minister Mikhail Mishustin.

Russia’s industrial sector is set to receive a significant boost with 300 billion rubles earmarked for high-tech advancement in IT and machine tool manufacturing. The announcement came from Prime Minister Mikhail Mishustin during a meeting with students at technical universities.

Mishustin emphasized that this funding aims to help Russia regain its former leadership in machine tool production and robotics. While the country once held a leading position globally in this area, that status had declined over time. Now, the government is pushing to reverse that trend, and early signs are promising—the share of domestically produced machine tools in the local market has reached 30%.

The investment is part of a broader initiative to expand Russia’s industrial capacity and integrate cutting-edge technologies. Other measures include preferential lending, industrial mortgages, and incentives to stimulate demand for domestically manufactured equipment. Particular support is being directed toward researchers and engineers with innovative solutions.