TOINNOV - Breaking Blockchain, Crypto & ICO News

learn more
more than 10 000 people every month reads TOINNOV learn more

Yuri Morozov, founder of Bubbletone Blockchain for Telecom: "With the help of the blockchain, we can change the entire global ecosystem of telecommunications"

An interview with Bubbletone Blockchain for Telecom founder, Yuri Morozov, whose company aims to rev...

Expanded costs from Russian National Welfare Fund are prohibited

These funds should be used accurately.

02.Sep.14 6:24 PM
By Mihail Prygunov


Expanded costs from Russian National Welfare Fund are prohibited
A special meeting devoted to national support of investment projects of Far Eats Development has taken place recently. The President of Russian federation Vladimir Putin paid attention to the fact that additional costs from National Welfare Fund are unacceptable. At the same time reorientation of these funds is possible.

An argument between the Head of Far East Development Department and representative of Russian Railways has taken place during the meeting. Both of them are sure that their projects are of prior importance. Alexander Galushka offered using funds which were supposed to be spent on modernization of Transsib in 2015-2016 on investment projects which are aimed on advanced development of Far East. At the same time necessary funds for Transsib modernization could be taken from Russian Railways funds. This is due to the fact that additional money will be provided for developing transport field.

President ordered government to decide which project is of major priority at the moment.

Back to the list

Related Information: