Hole wrote:Yandex can´t be as big as Google because it runs against barriers. The EU would never let a russian company in. Amiland the same. Running android on all platforms? No problem. But a russian OS?
EU is not the whole world, it is like 1/14 of world population quickly falling down in reltive economical power Is anybody forbidding Yandex to work in India/China/Indonesia/Vietnam or Brazil/Mexico? half of world population?
The problem is money, financing, Yandex cannot afford to such investments as Google can. But chinese Baidu or Alibaba yes they are catching up quickly. Why? money perhaps?.
Medvedev approved the state guarantees for bonds within the "factory of project financing"
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The volume of state guarantees is 294 billion rubles
MOSCOW, June 9. / TASS /. Russian Prime Minister Dmitry Medvedev signed a decree on state guarantees for 2018 on bonds to be issued by Vnesheconombank's structure within the "project financing factory". The corresponding document is published today on the government website .
The volume of state guarantees provided for in the federal budget is 294 billion rubles.
"The adopted decision is aimed at launching the mechanism of a" project financing factory "and attracting investors' funds by placing bonded loans secured by a state guarantee," the explanatory note to the resolution notes.
About the program
The Project Financing Facility is a joint project of the Ministry of Economic Development and Vnesheconombank, which provides for financing projects through syndication on the basis of the "80 by 20" principle, where 20% is the initiator's own funds, 80% - borrowed funds syndicated through tranches to reduce the risks of project participants.
First of all, the Factory will support large-scale projects (worth more than 3 billion rubles), aimed at creating new high-tech industries. The borrower will have a floating rate, and if the maximum is exceeded at this rate, the project will receive a budget subsidy that will compensate for the costs when the rates increase.
Earlier, VEB reached agreements on participation in the Factory with VTB, Gazprombank and Sberbank, as well as with Zenit Bank, the Eurasian Development Bank, the All-Russian Bank for Regional Development, Sovcombank and the International Investment Bank.
The volume of funds and transactions, which will be carried out under the Project Finance Project, will exceed 1 trillion rubles in 2018, reported the Russian Economic Development Minister Maxim Oreshkin.
VEB during the St. Petersburg International Economic Forum agreed to consider providing funds for the implementation of eight projects within the Project Finance Factory. The total value of these projects exceeds 700 billion rubles.