Science funding to be increased to 2% of GDP — Putin

  MOSCOW:  Financing of scientific research should be increased in coordination between government authorities and business, with the suppor...

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MOSCOW:  Financing of scientific research should be increased in coordination between government authorities and business, with the support share to be 2% of GDP, President Vladimir Putin said at the plenary session of the Future Technologies Forum.

"We should scale up science funding to 2% [of GDP] together with business," the head of state said. "It is critical to channel all additional resources to support exactly promising, breakthrough areas," Putin noted.

"It would be short-sighted and wrong to be content with mere substitution of technological processes that are already mastered somewhere," Putin added.

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