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Rusnano - is state owned Russian corporation headed by a close friend of Putin and an oligarch Anatoly Chubais. This is basically a shell company created to ste
by myth_drannon 16y ago
Rusnano - is state owned Russian corporation headed by a close friend of Putin and an oligarch Anatoly Chubais. This is basically a shell company created to steal taxpayers money. Everyone knows it and there is lots of jokes about these "nano technologies".
So be sure that out of 1 billion ,big chunk of it was in kickbacks to company's execs and middle managers.
- gritzko 16y agoKickbacks was the first thing I thought of.
- marklittlewood 16y agoThis is less about kick backs, more about the phenomenal cost of setting up new fabs. Creating a new manufacturing industry is very expensive.
- VladRussian 16y ago>Creating a new manufacturing industry is very expensive. :))) man, you just don't get how Russian nanotechnology business works. It uses completely different technological process. Let me explain step-by-step: step 1: i invest into your venture 1B of government money i manage step 2: you transfer back to my personal Switzerland account (not to my government fund) 500M. Repeat until there is government money available.
- marklittlewood 16y agoThank you for the clarification. Sounds a bit like being a VC in a large fund.