Anatoly Chubais, the head of the Russian Nanotechnology Corporation, supporting the local producers, decided to get rid of his assets belonging to the foreign companies. According to the Rusnano's press service, this step was taken “in compliance with the Russian Federation's policy aimed at expanding investments in the national economy and stimulating the usage of Russia's financial instruments.” However, the official did not venture to pass the foreign assets for the good of the motherland and sold them, pure and simple. He did not present to the public treasury all the proceeds and other private savings as a real patriot would do. To cut a long story short, Chubais just put them in a local bank. In such a peculiar manner, the businessman followed the Russia's president direction, which prohibits Russian senior government officials from having foreign assets as well as accounts and deposits in alien banks. Now the ban was imposed on the foreign bonds, assets, and shares. The members of the Bank of Russia's Board of Directors, presidents of large state corporations, Pension Fund and other organizations submitted to the president or government are also subjects of the restriction. It is worth reminding that in spring, Vladimir Putin admitted that Rusnano's activity is unprofitable and economically inefficient. According to the report, the net loss is estimated at $21.8 billion. That was partially caused by the company's ignoring the development of the nanotechnology projects.