Russian state-run businesses plan to inject...

"The funds will be twice as large as relevant federal investments," Medvedev said at a meeting of a commission on economic modernization.

He said the investments would influence the future of state-run companies themselves and the development of all the other sectors of the economy.

Economic Development Minister Elvira Nabiullina said the 2 trillion rubles would be invested by 12 to 15 of the country"s largest companies.

"I think the entire government sector will invest at least 3 trillion rubles ($102 bln) [next year]," she said.

Medvedev also urged state-run companies to streamline innovation processes and instructed the economics and finance ministries to develop as soon as possible measures on innovation development of Russia"s largest businesses.

MOSCOW, December 25 (RIA Novosti)