Russian pair Tarasova/Morozov win final of ISU Grand Prix of Figure Skating in MarseillesSport December 10, 4:00
Matviyenko to visit UAE to participate in Forum of Women Speakers of ParliamentRussian Politics & Diplomacy December 10, 3:21
Doping samples of all athletes from past three Olympics should be re-analyzed ― lawmakerSport December 10, 2:01
Russia’s figure skater Medvedeva leads with world record after SP at Grand Prix finalsSport December 10, 1:28
Russian energy minister expects OPEC, non member countries to sign agreement on oil outputBusiness & Economy December 10, 0:46
40 ceasefire violations reported in Syria in past day ― Russian reconciliation centerWorld December 10, 0:02
Russia open for cooperation with IOC, WADA ― ROC presidentSport December 09, 23:44
McLaren’s report speaks for ‘fundamental attack’ on sports integrity ― IOC chief BachSport December 09, 23:08
McLaren report’s allegations to be taken to legal courts — former Sports Minister MutkoSport December 09, 21:41
Major investment projects to be financed from the National Welfare Fund (NWF) will be discussed at a meeting with Russian President Vladimir Putin on Wednesday. It is planned to spend more than 1.7 trillion rubles on 17 investment projects, another 280 billion rubles - on 11 investment projects proposed by the Russian Direct Investment Fund (RDIF), the Kommersant daily reports.
It is proposed to consider large-scale investments in infrastructure as a new growth area of the economy.
On Tuesday, 300 billion rubles were allocated for the construction of the Central Ring Road and reconstruction of the Trans-Siberian (TransSib) and Baikal-Amur Mainline (BAM) railways.
According to open data of the Russia's Finance Ministry, the total volume of NWF funds is about 2.8 trillion rubles, deposited on the accounts of the Russian Central Bank in rubles, euro, U.S. dollars and British pounds (on Tuesday, the Russian government also decided to keep them in the Canadian, Swiss, Australian and Japanese assets).
The 800-billion ruble project for the construction of a high-speed railway from Moscow to Kazan is the main bidder for the NWF money.
“The speed with which the authorities after years of resistance to the NWF funds’ “release” are losing ground, is striking: before September 2013 the Russian Ministry of Finance had adamantly insisted that only 450 billion rubles could be spent from the NWF and only on four projects that had been specified by Vladimir Putin,” the Kommersant daily writes.