Support The Moscow Times!

Rusnano Bill Passes in First Reading

A bill ordering the reorganization of Rusnano, which will be the first state corporation to become a joint-stock company, passed in a first reading in the State Duma on Friday.

The bill, drafted by United Russia deputies Yevgeny Somoilov and Khafiz Salikhov, says 100 percent of the shares of the newly formed company would initially be property of the state.

If the bill is passed, Rusnano must develop a plan for its reorganization and present it to the government within four months of the law taking effect.

Economic Development Minister Elvira Nabiullina said in March that Rusnano would be followed by Russian Technologies and Vneshekonombank.

President Dmitry Medvedev called for a reform of state corporations, a brainchild of his predecessor, Vladimir Putin, in 2009, saying their model encouraged corruption.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more