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July 4th, 2007
he lower house of Russia's parliament Wednesday adopted a law on establishing a Russian nanotechnology corporation.
The corporation's functions will include interaction between government, business, and scientists on the implementation of state policy in nanotechnology and the nano-industry, and organizational and financial assistance to programs and selection of nanotech projects.
First Deputy Prime Minister Sergei Ivanov, who is in charge of high-technology development, said in June the government would allocate 200 billion rubles ($7.7 billion) to develop nanotechnology until 2015.
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