Sanctions Are Challenging But Do Not Bring RUSNANO to Deadlock—CEO Chubais

12 October 2015

An intention is to create a Far Eastern investment venture fund focused on investments into Russia’s Far East by the year-end, Anatoly Chubais says

It has become more difficult to work in environment of economic sanctions but they did not stalemate RUSNANO, Chief Executive Officer of the Russian state-owned nanotechnologies company Anatoly Chubais said on Monday in an exclusive interview with TASS at the Science and Technology in Society (STS) Forum.

“Certainly, sanctions are felt,” Chubais said. “It is enough to say that Western financing sources are actually fully blocked for us,” he added. RUSNANO is challenged “by an obvious political situation” even when discussing ideas of creating new investment funds in Japan, Chubais said. “Sanctions will not bring us to a deadlock. Complications exist but RUSNANO does not have a single project failed or stopped because of that,” RUSNANO CEO said.

One fund has already been established from scratch in cooperation with China, Chubais said. “I hope we will create the second one in the nearest future. However, our eastern partnership goes beyond China. We will definitely promote cooperation with other nations of the Asia-Pacific Region,” he said.

An intention is to create a Far Eastern investment venture fund focused on investments into Russia’s Far East by the year-end, Chubais said. “We would like to potentially open it for other eastern partners as well,” CEO of RUSNANO said.

Source: TASS, 12.10.2015