Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

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

Nano Ruffles in Brain Matter: Freiburg researchers decipher the role of nanostructures around brain cells in central nervous system function October 31st, 2014

Gold nanoparticle chains confine light to the nanoscale October 31st, 2014

'Nanomotor lithography' answers call for affordable, simpler device manufacturing October 31st, 2014

Device invented at Johns Hopkins provides up-close look at cancer on the move: Microscopic view of metastasis could give insight about how to keep cancer in check October 31st, 2014

Govt.-Legislation/Regulation/Funding/Policy

Gold nanoparticle chains confine light to the nanoscale October 31st, 2014

'Nanomotor lithography' answers call for affordable, simpler device manufacturing October 31st, 2014

Device invented at Johns Hopkins provides up-close look at cancer on the move: Microscopic view of metastasis could give insight about how to keep cancer in check October 31st, 2014

'Electronic skin' could improve early breast cancer detection October 29th, 2014

Announcements

Nano Ruffles in Brain Matter: Freiburg researchers decipher the role of nanostructures around brain cells in central nervous system function October 31st, 2014

Gold nanoparticle chains confine light to the nanoscale October 31st, 2014

'Nanomotor lithography' answers call for affordable, simpler device manufacturing October 31st, 2014

Device invented at Johns Hopkins provides up-close look at cancer on the move: Microscopic view of metastasis could give insight about how to keep cancer in check October 31st, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE