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Rosnano did make poor investments, but they were not a crime – Putin

April 25, 2013, 14:47 UTC+3
President recalled that Rosnano was sustaining heavy losses as a result of investments in solar cell panels
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MOSCOW, April 25 (Itar-Tass) – Russian President Vladimir Putin believes that the corporation Rosnano did make some bad investments, but when it comes to venture businesses this is inevitable.

“I do keep an eye on what is happening there. They have declared 2.5-billion-ruble losses themselves. That’s big money,” he said during the question-and-answer session broadcast live. “Is it possible to do everything impeccably in this sphere with absolute profit? It is hard for me to tell.”

He recalled that Rosnano was sustaining heavy losses as a result of investments in solar cell panels.

“Was it really necessary to invest in silicon? Especially so in our country, rich in hydrocarbons, where time has not been changed yet, where you get up then it is dark and go to bed when it is already dark?” Putin asked.

He added that he would not like to make any comments, because nanotechnologies was a very complex affair. At the same time he said there were certain failures in the operation of this public corporation, nothing criminal.

 

 

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