Published
07/08/2025, 10:30Artem Novikov, Chairman of the Board of the Russian-Kyrgyz Development Fund, spoke at the 15th INNOPROM International Industrial Exhibition during a session dedicated to international cooperation between component manufacturers. He emphasized that participation in strategic forums contributes not only to the development of dialogue between the EAEU and SCO countries, but also to the exchange of real practices of economic cooperation.
According to Novikov, over the past 10 years, the KRF has financed more than 3,500 projects, becoming the largest institutional investor in Kyrgyzstan and accounting for over 30% of the long-term lending market. With state support, key industries, including the sugar industry, have been restored. In 2025, the Fund expanded its financing instruments by launching venture capital investments and support for start-ups.
Particular attention was paid to connecting the KCRF to the mechanism for supporting industrial cooperation within the EAEU. Novikov announced the first application for a trilateral project between Kyrgyzstan, Russia, and Belarus and noted the need to improve the mechanism. He proposed that financial institutions, as organizations that work closely with businesses and deeply understand their needs, should play a key role in structuring and selecting projects.
