Ministry of Industry and Trade (Russia)

The Ministry of Industry and Trade of the Russian Federation (Minpromtorg, MITRF, ) is an executive ministry of Government of Russia. Its headquarters are in Moscow."Reference Information ." Ministry of Industry and Trade of the Russian Federation. Retrieved on 13 February 2013. "The Russian Federation Ministry of Industry and Energy is located at the following addresses: Kitaygorodskiy proezd 7, Moscow, Russian Federation 109074 Miusskaya ploschad (square) 3, Moscow, Russian Federation 125993 The General Management is also located at the following addresses: Stroitelei str. 8, korp. 2, 119991; Myasnitskaya str. 5/12, building 1"

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."MINISTRY AND AGENCY ." Ministry of Industry and Trade of the Russian Federation. Retrieved on 13 February 2013.

MITRF is responsible for subsidizing subcontractors to acquire products for government via investment contracts (special investments contracts) 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. As of 2013 the results of research may be transferred to a subcontractor ownership upon fulfilling (completion) of a contract.

History

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

Ministry of Industry and Trade (Russia)

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