Monday, November 12, 2007

Kremlin to Invest in Hi Tech Companies

While the dollar, and U.S. bridges, are in free fall, the Russian Government is going to spend some of their vast oil and gas profits investing in hi tech startups - essentially venture capital to jump start Russia's businesses interests in the 21st century.

Or even more simply, they are spending some of their profits from one sector to expand into other sectors - diversifying, in other words - should the day ever come when oil and gas are not so profitable.

Seem pretty smart.

Full story here

No comments: