SpaceX waves off space station cargo deliveryScience & Space February 22, 13:37
Over 80% of Russia’s missile units rearmed with Iskander tactical systemsMilitary & Defense February 22, 13:35
Kremlin disagrees with latest Amnesty International reportRussian Politics & Diplomacy February 22, 13:21
Funeral ceremony for Vitaly Churkin scheduled for February 24 in MoscowRussian Politics & Diplomacy February 22, 13:18
Kremlin denies commissioning dossier on Trump’s psychological makeupRussian Politics & Diplomacy February 22, 13:15
Amnesty International reports warring sides in eastern Ukraine ‘enjoying impunity’World February 22, 13:03
Press review: Jailed pilot mother's plea to Trump and Russia's plan for de-offshorizationPress Review February 22, 13:00
Kremlin respects Supreme Court’s ruling on opposition activist DadinRussian Politics & Diplomacy February 22, 12:57
Amnesty International blames US for turning blind eye to human rights violationsWorld February 22, 12:51
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.