Program on development of biotechnology in Russia through 2020

Date:06-14-2012

Report highlights:

On April 24, 2012 the Russian government adopted “The Comprehensive Program for Development of Biotechnology in the Russian Federation through 2020”. This document acknowledges that Russia is lagging behind both developed and developing countries in the development and use of biotechnology (including agricultural biotechnology) and sets targets to create a biotech-oriented economy by 2020. The Program envisages 1.2 trillion rubles ($39 billion) financing from 2012 through 2020, including 200 billion rubles ($6.7 billion) for development of agricultural biotechnology. This program seems to demonstrate that the Government is serious about the development and use of agricultural biotechnology in Russia and the realization of the potential benefits of the use of this technology for Russian agriculture.

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