The Executive Order of September 1, 2015, establishes 5,000 grants from the President of the Russian Federation.
President Putin has established 5,000 grants for Russian university students who have demonstrated outstanding abilities and have undertaken to work in Russia after graduation. The grant envisages monthly payments of 20,000 rubles.
Eligible for the grant are undergraduate and post-graduate students whose studies are paid for from the national budget.
More than 1,200 grants are to be awarded every year, to be paid out over the entire term of study. If a student refuses to work in Russia upon graduation, they are not only to reimburse the entire amount of the grant, but also to pay a fine amounting to double the sum of the grant.