Ministry of Industry and Trade (Russia)
Government minister of Russia
From Wikipedia, the free encyclopedia
The Ministry of Industry and Trade of the Russian Federation (Minpromtorg, MITRF, Russian: Министерство промышленности и торговли Российской Федерации) is an executive ministry of Government of Russia. Its headquarters are in Moscow.[1]
- Ministry of Industry and Energy of the Russian Federation
| Министерство промышленности и торговли Российской Федерации Ministersrvo promyshlennosti i torgovli Rossiiskoi Federatsii | |
 | |
| Agency overview | |
|---|---|
| Formed | May 12, 2008 |
| Preceding agency |
|
| Jurisdiction | Russian Federation |
| Headquarters | IQ-quarter, Moscow |
| Minister responsible | |
| Child agency | |
| Website | minpromtorg |
Functions and responsibilities
The ministry regulates foreign trade, defense and civil industries, metrology, technical standardization, and aviation technology development. It is a federal executive body.[2]
MITRF is responsible for subsidizing subcontractors to acquire products for government via investment contracts (special investments contracts)[3] and may also forcibly regulate prices (e.g. for steel industry).
MITRF is responsible for contracts involving R&D activities at the expense of government budget.[4][5] As of 2013 the results of research may be transferred to a subcontractor ownership upon fulfilling (completion) of a contract.[4][5]
History
MITRF is a successor to the Soviet Union State Planning Committee (Gosplan)[citation needed].
