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August 19th, 2009
Rusnano Will Sharply Boost Spending
Rusnano will approve 40 billion rubles ($1.25 billion) worth of investment this year, one-third more than it planned in May, a spokeswoman said Wednesday.
Prime Minister Vladimir Putin said earlier Wednesday that Rusnano would approve investment into 50 projects this year that will require 80 billion rubles of funding.
Rusnano spokeswoman Irina Shabanova said the state corporation would chip in 40 billion rubles of that money. Anatoly Chubais, the corporation's chief, said in May that the plan was to invest 28 billion rubles this year.
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