Prime Minister Dmitry Medvedev stated this at a conference in Rostov-on-Don in southern Russia.
He said 24 billion rubles or 800 million U.S. dollars had been allocated to finance the technical and technological modernization up to 2020.
He urged the specialized departments to actively take part in modernization and adopt the world’s best experience, and invite foreign experts to scientific institutes and higher educational establishments.
To read the original article: Russia to create innovative basis for economic development: Voice of Russia
