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Russian government sets up commission to select investment projects

December 12, 2014, 8:58 UTC+3 MOSCOW
The commission will be chaired by Russian Economic Development Minister Alexey Ulyukayev
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Russian Economic Development Minister Alexey Ulyukayev

Russian Economic Development Minister Alexey Ulyukayev

© Alexander Astafiyev/TASS

MOSCOW, December 12. /TASS/. The Russian government has ordered to set up an interdepartmental commission to select investment projects, Russian lending institutions and international financial organizations to take part in the Support Program for Investment Projects implemented in Russia on the basis of project financing.

The resolution has been posted on the cabinet’s website. It has been signed by Prime Minister Dmitry Medvedev.

“The commission is being set up under the Russian Economic Development Ministry with the purpose to ensure interaction between federal bodies of executive power and interested organizations during selection of investment projects, Russian credit organizations and international financial organizations for participation in the Program,” accompanying documents state.

The commission will be chaired by Russian Economic Development Minister Alexey Ulyukayev. It will comprise representatives of the Economic Development Ministry, the Finance Ministry, the Industry and Trade Ministry, the Agriculture Ministry, the Energy Ministry, the Transport Ministry and the Russian government apparatus.

On agreement, the commission's meeting may be attended by representatives of Russia’s Central Bank and Russian state corporation Vnesheconombank with a consultative role, as well as representatives of the authorized bank that decided to provide a loan for implementation of an investment project being considered at the meeting.

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