The Ministry of Industry and Trade (Minpromtorg) is a federal executive body responsible for:

drafting and implementing government policy and legal regulation in the industrial and defence sectors, energy conservation and improving energy efficiency in the movement of goods, and also in the development of aviation technology, technical regulation and unity of measurements, science and technology in the interests of state defence and security, foreign and domestic trade, public catering and consumer services, and folk handicrafts;

providing government services and managing state property in mechanical engineering, the metallurgy, chemical, pharmaceutical, biotechnological, medical, light, forest, pulp and paper, wood-processing, electronic, aviation and shipbuilding industries, the communications industry, radio industry, munitions and special chemicals industry, chemical disarmament, conventional arms manufacturing, and folk handicrafts;

supporting industrial exports, ensuring the market availability of goods and services, holding exhibitions and fairs, conducting investigations prior to the introduction of special protective, anti-dumping or compensatory measures when importing goods, and also compensatory measures as set out in the Agreement on Unified Rules for Providing Industrial Subsidies of December 9, 2010, implementing non-tariff regulation measures, and acting as the authorised federal executive body in charge of implementing government regulation in foreign trade, with the exception of matters relating to customs and tariff regulation and issues connected with the accession of the Russian Federation to the World Trade Organisation;

acting as the federal body responsible for technical regulation.