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October 11th, 2007
Russia approves increase in 2007 state investment to $26 billion -1
The Russian government approved amendments to the 2007 budget on Thursday to increase state investment to 640 billion rubles ($26 billion).
Of Stabilization Fund resources, 180 billion rubles ($7 billion) will be invested in the Development Bank, 90 billion rubles ($3.6 billion) in the investment fund, including 15 billion rubles ($601 million) to double the Russian Venture Company's capitalization, and another 30 billion rubles ($1.2 billion) will be allocated to the Russian Nanotechnology Corporation.
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