Defense and National Security Nano, Nanomaterials, and Nanotechnologies

Saturday, September 09, 2006

Russian Government Approves 30 Billion Ruble Program to Finance Nanotechnology

It seems that we have a nanowar on our hands!  Please see my earlier post on the same subject (Russia Opens New Nanotech Center).





Russian govt approves 30 bln ruble program to finance nanotechnology


Sep 07, 2006


The Russian government approved in general Thursday a 30 billion ruble program to finance the nanotechnology industry, Prime Minister Mikhail Fradkov and Education and Science Minister Andrei Fursenko said following a regular government meeting.

The funds will be allocated mainly from the federal budget, Fursenko said.

The program has not yet been approved by the Economic Development and Trade Ministry and the Finance Ministry, he said.

Economic Development and Trade Minister German Gref has objected to Fursenko's proposal to start the program in 2007 and proposed launching it in 2008 and completing it five years later, Fursenko said.

Meanwhile, the government has already allocated 3.9 billion rubles to finance nanotechnology in the draft federal budget for 2007, Gref has said, as cited by Fursenko.

In May Russian President Vladimir Putin called for investing in the nanotechnology industry in his state of the nation address.

(26.6714 rubles - U.S. $1)


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