In “Rosnano” the loss of 13 billion rubles explained the “market factors”

The reason for the failed investments of the state company “Rosnano” 13 billion steel market factors, but also technological, marketing and other risks, according to a press release issued following the audit of the accounting chamber.

“Bad investments in the projects are explained as market factors (e.g., product prices project “of Polysilicon fell from $300-400 per kg in 2008 to $20 in 2015) and technological, financial, marketing and other inevitable risk of innovative activity”, — stated in the text of the official message.

Also, the press release States that the company did not use received under state guarantee funds for the payment of remuneration to the employees.

Earlier it was reported that the chamber has proposed not to pay awards for management “Rosnano” for unprofitable projects.

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