ANNOUNCED AS TEMPORARYNo
Capital injection and equity stakes (including bailouts)
Russian Prime Minister Vladimir Putin signed a ruling (Government Decree #1608-p from 2 November 2009) to inject 1.1billion rubles (25 million Euro) into state corporation for assistanceto development, production and export of high tech industrial production "Rostechnologii".
The Russian Technologies State Corporation (http://www.rostechn.ru) was founded in November 2007 and was designed to assist Russian organisations-developers and manufacturers of high technology industrial products in their development, production and exports by providing support in domestic and foreign markets and attracting investments to different industries including defence industrial complex.
The main functions of the Russian Technologies State Corporation are as follows:
Assistance to organizations in various sectors of industry including defense industrial complex, in developing and producing high technology industrial products;
Promotion to and sales in the domestic and foreign markets of high-technology industrial products, associated by-products and intellectual property;
Participation in the implementation of the state policy in the sphere of military-technical cooperation of the Russian Federation with foreign states and state armaments programme;
Attraction of investments to different sectors of industry including defense industrial complex, for the purpose of development and production of competitive high-technology products including military equipment;
Advertising and exhibition activities for the benefit of different sectors of industry including defense industrial complex, participation in the organization and management of exhibitions (demonstrations) of civil, military and dual-purpose products in the territory of the Russian Federation and abroad;
Assistance to organizations in various sectors of industry including defense industrial complex, in carrying out applied research projects in prospective areas of science and technology, and putting into production advanced technologies with the purpose of enhancing the level of domestic developments of high technology industrial products and reducing their time and costs;
Assistance to the organization acting as a state intermediary in foreign trade operations related to military-purpose products;
Performance of other functions in compliance with federal laws and decrees of the President of the Russian Federation.
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