In accordance with the Decree of the Government of the Russian Federation No. 1455-r on the Return of Temporarily Free Funds of State Corporations to the Budget of the Russian Federation, RUSNANO, established in 2007 by the Federal law No. 139-FZ to enable Government policy in the field of Nanotechnology, transferred 66,4 billion rubles to the bank accounts of the Federal Treasury of the Russian Federation.
According to another Decree of the Government of the Russian Federation No 1454-r of the same date, the transfer of RUSNANO's free funds to the state budget is carried out on a return basis: it is expected that in 2010-2012 these funds will be transferred back to the Corporation.
The remaining funds available to RUSNANO amount to 41.15 billion rubles, they will be utilized to finance the Corporation's investment projects in 2010. These funds are now temporarily placed in the commercial banks, selected by the closed request for proposals, that ended yesterday, on December 15, 2009. 13 banks, which undergone pre-qualification to meet the requirements established by the Ministry of Finance of the Russian Federation and the Corporation, participated in the closed request for proposals. As a result of this procedure, the temporarily free funds are now placed in the following credit institutions: Uralsib, Bank Saint Petersburg, VTB, Nomos-Bank, Bank of Moscow.