Putin Praises Rusnano Changes

The St. Petersburg Times

MOSCOW — The upcoming reorganization of state nanotechnology giant Rusnano into a joint-stock company will enable it to purchase assets of companies with foreign ownership, Prime Minister Vladimir Putin said Friday, Interfax reported.

“The state nanotechnology corporation will act in a new capacity soon. Rusnano’s transformation into an open joint-stock society should provide it with new development tools,” Putin said at a conference in Moscow on the results of Rusnano’s work.

“Certainly, this is acceptable only with regard to assets that improve efficiency of Rusnano itself and stimulate the building of efficient technological chains,” he said.

At the same time, Rusnano’s key goals will remain the same, Putin said. “This includes the drawing of private investment in the domestic nano-industry and the building of a competitive market of nano-products,” he said.