×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Russia's Rusnano Seeks Chinese Investment in Nanotechnology

Rusnano has invited Chinese partners to create a joint fund for investment in nanotechnology, Anatoly Chubais, head of the state technology enterprise, was quoted as saying Tuesday by Prime news agency.

Speaking after the first meeting of a commission for investment between Russian and China, Chubais said both countries would contribute equally to the fund, adding that the commission's co-chairman, Chinese Vice Premier Zhang Gaoli, had expressed an interest in the offer and had asked him to flesh it out.

Russia is interested in working with China on nanotechnology as Beijing already invests "gigantic" sums in that sphere, Chubais said.

He declined to say how large the joint investment would be.

Moscow is pivoting toward the east to soften the impact of Western sanctions imposed on Russia over its role in Ukraine. On Tuesday, First Deputy Prime Minister Igor Shuvalov said Russia and China had agreed to settle more trade in ruble and yuan to improve cooperation between the country's banks, while a top Russian rail official said a Chinese bank was ready to invest 400 billion rubles ($10.7 billion) in a rail link between Moscow and Kazan, the capital of the republic of Tatarstan.

… 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.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more