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Posted: July 27, 2010
President of Russia Signs Federal Law On Reorganization of Russian Corporation of Nanotechnologies
(Nanowerk News) President of Russia Dmitry Medvedev has signed Federal Law On Reorganization of Russian Corporation of Nanotechnologies (RUSNANO).
RUSNANO CEO Anatoly Chubais commented: "The new law is the result of serious collaborative efforts among the government, the administration of the president, members of parliament, and specialists within RUSNANO. Work proceeded dynamically and successfully. By the end of 2010, the corporation and governmental bodies are to complete reorganization of RUSNANO into an open joint-stock company whose shares will belong 100 percent to the state.
"Reorganizing RUSNANO into a joint-stock company is not merely a switch in signboards. It is a transition to the greater transparency and responsibility that characterize open stock companies. It is another level of cooperation with the business and scientific communities that will realize new high-tech projects in Russia's nanoindustry."
RUSNANO is the first state corporation in Russia to be reorganized into an open joint-stock company. This process is expected to be finished by the end of 2010.