ANNOUNCEMENT 10 Sep 2010

In September 2010, the government of Russia announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Government Decree # 709 issued 10 September 2010 - http://www.government.ru/gov/results/12348/


Inception date: 10 Sep 2010 | Removal date: open ended
Still in force

Loan guarantee

Russian Prime Minister Vladimir Putin signed a ruling (Decree # 709 issued 10 September 2010) to provide state guarantees to the government-controlled company « Russian Corporation of Nanotechnologies »on its bonds and loans up to 20 years. The ruling is part of the program to develop the high tech sector which was announced in the "Programme of the long term socio-economic development of the Russian Federation until 2020" (Government Decree # 1662-p from 17 November 2008).
 
The Russian Corporation of Nanotechnologies (RUSNANO - http://www.rusnano.com) was established in 2007 by the Federal law 139-FZ to enable Government policy in the field of Nanotechnology.
To accomplish this task, RUSNANO co-invests in nanotechnology industry projects that have high commercial potential or social benefit. Early-stage investment by RUSNANO lowers the risk of its investment partners from the private sector.

 
RUSNANO participates in building nanotechnology infrastructure, which includes the nanotechnology centers of excellence, business incubators and early stage investment funds. RUSNANO provides scientific and educational programs that are required for its investment projects to succeed, and also supports the popularization of nanoscience and nanotechnology. RUSNANO selects promising spheres for investment based on longer-term foresight created by the leading Russian and world experts.
To assist the Russian nanotechnology industry advance to the global market and strengthening of its international links RUSNANO develops partnerships with the leading nanotechnology centers in the world and organizes the annual Nanotechnology International Forum in Russia.
 

AFFECTED PRODUCTS

 
N/A