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December 4th, 2008

Chubais Offers Cheap Nanotech Loans

Abstract:
In times of crisis, nanotechnology is a safe place to invest, State Nanotechnology Corporation chief Anatoly Chubais said Wednesday as he courted investors with offers of cheap state loans and other perks.

The Nanotechnology Corporation, or Rosnano, will offer loans of up to 10 years with interest rates starting at 8 percent, Chubais announced at the opening of the First International Forum on Nanotechnology.

The money will be extended to Russian and foreign investors with the view that they will hold controlling stakes in projects, but Rosnano is ready to fund up to 90 percent of each project, Chubais said.

"We are offering absolutely unique conditions for both Russian and foreign investors, whom we will treat equally," he said.

Source:
themoscowtimes.com

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