Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > News > Russia: The Pot Of Gold At The End Of The Stabilization Fund

January 30th, 2008

Russia: The Pot Of Gold At The End Of The Stabilization Fund

Abstract:
The former will start off with some $139 billion and will perform essentially the same function as the old Stabilization Fund. That is, it will accumulate energy profits and hold them in conservative investments to buffer the economy if energy prices fall. The National Welfare Fund, which will hold $11 billion, will be used to fund shortfalls in the pension system. In addition, some funds from it have already been allocated to the State Investment Fund, the state's Development Bank, and the state Nanotechnology Corporation.

The Stabilization Fund was created at the urging of then-presidential economic adviser Andrei Illarionov, Finance Minister Aleksei Kudrin, and then-Economic Development and Trade Minister German Gref. Since that time, Kudrin's ministry has been in charge of the fund and has doggedly insisted that spending its wealth domestically would spur inflation. As a result, the only significant spending from the fund since its creation has been to pay off some $80 billion in Soviet-era debt, something that has been touted as one of the main achievements of Vladimir Putin's presidency.

Source:
rferl.org

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

A nanoscale wireless communication system via plasmonic antennas: Greater control affords 'in-plane' transmission of waves at or near visible light August 27th, 2016

Forces of nature: Interview with microscopy innovators Gerd Binnig and Christoph Gerber August 26th, 2016

A promising route to the scalable production of highly crystalline graphene films August 26th, 2016

Graphene under pressure August 26th, 2016

Govt.-Legislation/Regulation/Funding/Policy

Analog DNA circuit does math in a test tube: DNA computers could one day be programmed to diagnose and treat disease August 25th, 2016

New approach to determining how atoms are arranged in materials August 25th, 2016

Johns Hopkins scientists track metabolic pathways to find drug combination for pancreatic cancer August 25th, 2016

New electrical energy storage material shows its power: Nanomaterial combines attributes of both batteries and supercapacitors August 25th, 2016

Announcements

A nanoscale wireless communication system via plasmonic antennas: Greater control affords 'in-plane' transmission of waves at or near visible light August 27th, 2016

Forces of nature: Interview with microscopy innovators Gerd Binnig and Christoph Gerber August 26th, 2016

A promising route to the scalable production of highly crystalline graphene films August 26th, 2016

Graphene under pressure August 26th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic