Russian State Bank to Support GLONASS Projects
Russian companies looking to develop GLONASS products and services can soon tap into an 8-billion-ruble fund. Russian state development bank Vnesheconombank (VEB) plans to offer financial support for projects using GLONASS, pending government approval, according to the Russian news agency Ria Novosti. VEB’s sister fund, VEB Innovations, will set up the GLONASS Fund in the fourth quarter of this year, with funds made available by next February-March. The... read more
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