Russia to invest $5.75bn in nuclear energy

[RIA Novosti, 27 March] Russia will invest more than 150 billion rubles ($5.75 billion) in nuclear energy in 2009-2010 from its federal budget, according to Russia's deputy prime minister, Alexander Zhukov. Expediture for 2008 will be more than triple that in 2007. In addition, he said, the three-year budget envisages financing electric power grid networks in Russia and reducing cross subsidizing in the power sector.