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RUSNANO and EDB announce Plans for joint financing of Nanotech Projects

The Eurasian Development Bank (EDB) and state corporation Russian Corporation of Nanotechnologies, RUSNANO, announced plans to offer joint financing of nanotechnology projects.

According to a RUSNANO press release, the two organisations ‘agreed to coordinate their efforts in accomplishing mid-sized and long-term investment projects to strengthen integration of economic processes among countries of the Eurasian Economic Community as well as to increase their production of innovative nanotech-enabled goods with high benefit and create new workplaces in industry, medicine, transportation, and other areas of commerce in EurAsEC countries’.

‘Among plans envisioned are that the EDB would finance projects by extending loans, including structured credit of $30 million to $100 million for up to ten years and  participate in the charter capital of RUSNANO’s project companies that aim at developing integration processes, especially between the countries of EDB activity’.

 

Follow this link to read the full press release.

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