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Jan 27, 2021
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Fund of funds will be launched in Russia

The secretariat of First Deputy Prime Minister Andrei Belousov said that the Fund of Funds for Advanced Industrial and Infrastructure Technologies will be launched in Russia in February, RIA Novosti writes.

It is noted that the investment partnership agreement, in which the state and private investors will act as fellow investors, has been chosen as the model of the Fund’s functioning.

Eight investors have already signed agreements on participation in the Fund. Belousov urged to speed up work on creating a list of the Fund’s projects. The list of projects may also include the largest and most promising projects of the National Technology Initiative.

Earlier, Andrei Belousov said that the country in the next three to four years needs to update the model of the economy and find new internal sources of its growth. The First Deputy Prime Minister urged to use those factors where there are significant reserves for accelerating economic growth.

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