Meeting with the government cabinet, President Vladimir Putin stressed that decisions on how to allocate the money in the Investment Fund should be made in keeping with macroeconomic indicators and the main economic development trends in the country. The Investment Fund should be an effective instrument for developing the real economy sectors the government considers most promising.
Economic Development and Trade Minister German Gref informed the meeting that procedures for the selection of projects to be carried out with assistance from the Investment Fund are close to final agreement. It is planned that the Investment Fund will have total funds of around 70 billion roubles over the next three years, and that this money will be spent on major national projects, infrastructure development and putting in place the conditions for business development.