23 Jan 2015 14:45

Rusnano could get state support in 2016-2020 - Chubais

MOSCOW. Jan 23 (Interfax) - Rusnano could receive state support in 2016-2020, the state nanotechnology corporation's head, Anatoly Chubais, told reporters.

Chubais said President Vladimir Putin had backed plans by Rusnano to continue state investment in the nanotech industry.

"A draft government order on investment in the nano-industry has been drafted and cleared with ministries," Chubais said. "The president stated in his resolution on the document that Rusnano was a state policy priority and requested that this be taken into account when the document is discussed," he said.

"We'll have a cash gap between 2017 and 2021," Chubais said. "We could cover it with our own funds, generated by exiting portfolio companies. We'd cover all loans and interest on them, but we'd lose our investment resource. We'll be in a position to invest in our existing portfolio, but not in many new projects," he said.

Rusnano can go on actively investing in the nano-industry if it receives state support, he said.

Chubais did not say how much state support the nano-industry might get in 2016-2020, but did say the draft order called for three main types of support, among them guarantees.