Russian Bank Offers 5 Billion Rubles for GLONASS
Moscow (RIA Novosti) Oct 21, 2014 - The Russian state development bank Vnesheconombank (VEB) is set to offer financial support for domestic companies to develop projects using the GLONASS navigation system in Russia and abroad pending government approval, Izvestia reports. VEB's sister fund -"VEB Innovations" will set up the "GLONASS Fund" within the fourth quarter of this year; funds will be made available by next February- ... more
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