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Nano Corporation: investments in future or money laundering? (Russia IC, 7/5/07) |
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July 04, 2007 |
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Nanotechnologies are knocking on our door; they are coming with new medical equipment, engineering systems and precision instruments. No wonder that the Russian authorities are looking forward to a new nano-project to be established. Many foreign developed countries proclaimed their policy concerning nano-technologies, they invest billions dollars in this field, since who holds information and innovations – controls the future.
…However, there is an opinion that the corporation will also serve as a money laundering machine due to its size and undefined tasks. It is to control all nanotech projects implemented in Russia and set out priorities. It is expected that the government will allot about 200 billion rubles (approximately US$7.75 billion) for a three-year period to finance the corporation activities, which is incredibly much for unsettled tasks. For this reason many are afraid that this money can be used improperly or simply stolen.
Read the full article here.
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Last Updated ( July 09, 2007 )
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