Ministry of Industry and Trade (Russia)


The Ministry of Industry and Trade of the Russian Federation is an executive ministry of Government of Russia. Its headquarters are in Moscow.

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.
MITRF is responsible for subsidizing subcontractors to acquire products for government via investment contracts and may also forcibly regulate prices.
MITRF is responsible for contracts involving R&D activities at the expense of government budget. As of 2013 the results of research may be transferred to a subcontractor ownership upon fulfilling of a contract.

History

MITRF is a successor to the Soviet Union State Planning Committee.