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Putin pledges to double state support for small, medium business

© RIA Novosti . Alexsey Druginyn / Go to the mediabankVladimir Putin
Vladimir Putin - Sputnik International
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Russian Prime Minister Vladimir Putin on Tuesday unveiled a new package of anti-crisis measures aimed at doubling state support for small and medium business to 23 billion rubles ($780 million) in 2010.

Russian Prime Minister Vladimir Putin on Tuesday unveiled a new package of anti-crisis measures aimed at doubling state support for small and medium business to 23 billion rubles ($780 million) in 2010.

"We are building an extra package of aid to small business in the amount of 13 billion rubles [$441 million]," Putin told an All-Russian forum on small and medium business.

Putin said the funds would come in addition to the amount of 10 billion rubles ($339 million) already projected in the 2010 budget.

Putin earlier said the Russian government would continue to fund investments intended to stimulate small and medium businesses to focus on hi-tech development, seen as crucial to the country's exit from a commodity-based economy.

 

MOSCOW, March 23 (RIA Novosti)

 

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