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Russia Pours Billions in Oil Profits into Nanotech Race

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"After sleeping through the high tech revolutions of the late 20th century, the Russian government is dumping billions into nanotechnology," reports Alexander Zaitchik at Wired. "The Kremlin. . . announced the creation of Rosnanotekh, a state nanotechnology corporation slated for $5 billion in initial funding," which propels it past China and even with the US.

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