MOSCOW, August 7 (RIA Novosti) - The state will be a passive investor in sectoral venture funds with yields on state controlled assets in these funds set at 3%, Russia's economic development and trade minister said Monday.
German Gref said the government had created a legal entity that would serve as a basis for the venture company.
"We have been a little late in forming a legal entity, but by the fall, these [venture funds] will already be up and running," he said.
