Source Pravda.Ru

George Soros to cut financing for Russia

Financier and philanthropist George Soros is cutting financing to Russia, he said at a press conference in Moscow on June 9. He said that beginning next year he will allocate only USD 10 million for his fund's work in Russia.

'The fund must not be supported by me alone, but also by the government,' said Soros. Moreover, he said that it was necessary to attract businesspeople and banks to financing.

Soros also said that if his fund did not find additional financing 'it's plans would not be realized in life.' Soros opened his fund in Russia in 1987. At the present time the fund has 20 branches in the Russian regions. Soros has invested USD 1 billion since the fund's inception.

Comments
Russia builds new robotic tank invulnerable to mines
Russia builds new robotic tank invulnerable to mines
Russia starts Star Wars first. USA concerned and puzzled
Turkey and USA take their relationship to breaking point
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
Details of Putin-Merkel surprise meeting unveiled
Turkey and USA take their relationship to breaking point
Iran shows new ICBM that can evade radars
US refuses to explain reasons behind new 'draconian' sanctions
Russia starts Star Wars first. USA concerned and puzzled
US sanctions to kill Russian banks and sovereign debt?
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Russia to respond with military-strategic blow to new USA's sanctions
Russian government prepares to get rid of US dollar in economy
Russia to respond with military-strategic blow to new USA's sanctions
US sanctions to kill Russian banks and sovereign debt?
Russia builds new robotic tank invulnerable to mines
Caspian Convention challenges Gazprom's rule in Europe
US sanctions to kill Russian banks and sovereign debt?
Turkey desperately tries to rescue its national currency as it falls to all-time lows