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  Saturday, December 14, 2019
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Vladimir Putin approved the government’s actions for creating a Venture and Investment Funds and hopes that this strategy will be continued
Russian President Vladimir Putin approved the government’s actions for creating a Venture and Investment Funds and hopes that this strategy will be continued. “Government’s efforts to reduce import custom duties, create a Venture and Investment Funds, macroeconomics – all this yields a noticeable effect for the development of processing industries,” the president said at a meeting with members of the government. “I hope that the government will act purposefully further,” the president remarked. Meanwhile, Putin noted that it is necessary to check, whether investments of pension funds in venture projects are grounded. “I ask you, Mikhail Efimovich (Fradkov), to check, whether investments from the Gazfond (non-government pension fund of the Gazprom gas major – Itar-Tass) in venture projects are grounded,” Putin emphasized. “As far as I am concerned, pension funds should be deposited in a conservative way, I do not come up against it (such investments in venture projects – Itar-Tass), but it is necessary to check it,” Putin pointed out.
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