EBRD and RUSNANO to Co-Finance Russian Nanotechnology Projects

The European Bank for Reconstruction and Development (EBRD) and the Russian Corporation for Nanotechnologies (RUSNANO), signed a Memorandum of Understanding to seek opportunities for co-financing innovative projects in various sectors of Russian industry.
In line with the EBRD’s recently approved strategy for the Russian Federation, the bank may consider investing between €500m and €1bn over the medium term in the high-tech sector should suitable opportunities across the country be identified.
Within the framework of the partnership, which is covering the period 2010-2012, EBRD and RUSNANO will work together in identifying high-tech innovative projects for possible financing, as well as in attracting investments from equity funds, export credit agencies, Russian and international financial institutions, and private investors.

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