Russia Takes a Big Step Into Technology

MOSCOW — A group of Silicon Valley venture capitalists who bet on companies like Skype and Facebook are taking a look at another long-shot proposition — that Russia can diversify its economy away from oil.
The Russian president, Dmitri A. Medvedev, has elevated diversification to a centerpiece of his economic policy and is building a sprawling technology park outside Moscow referred to as Russia’s Silicon Valley.

http://www.nytimes.com/2010/05/26/business/global/26ruble.html?src=busln