Rusnano Denies Rumors of Massive Loss

MOSCOW, April 24 (RIA Novosti) – Russian state-run nanotechnology company Rusnano on Tuesday denied media reports of massive losses the company allegedly sustained last year.

“Certain media reported recently that Rusnano suffered multibillion losses in 2012. We consider it necessary to point out that this information is false,” the company said in a statement.

Founded in Moscow in 2007 as a state-owned nanotechnology corporation, Rusnano was turned into an open joint stock company in 2011. The company described the move as the first step to privatize it, but the state still holds 100 percent of the company’s shares.


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