facebook
twitter
rss
account
search
search
 

Russia's Putin pledges $1.5 billion for basic science research

Dec. 20, 2013 at 6:49 PM   |   Comments

MOSCOW, Dec. 20 (UPI) -- Russia will spend about $1.5 billion on developing fundamental science in the next three years, President Vladimir Putin announced Friday.

The money would be invested under the aegis of the recently created Russian Science Foundation, Putin told a presidential council and science and education.

Putin also promised additional funding for the Russian Foundation for Basic Research and the Russian Foundation for Humanities, saying financial support for them would be tripled by 2020, RIA Novosti reported.

"Expenditures on science as part of federal target programs should focus on support of applied research, on creation of specific scientific developments," Putin told the council.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
You've got mites on your face, and so does everyone else
2
Volcano erupts, Iceland issues then rescinds red alert
3
Latvia boasts world's first net for migrating bats
4
Type Ia supernovas: the zombies of the cosmos
5
New space debris monitoring facility set for Australia
Trending News
Video
x
Feedback