Sounds like Russia is handling nanotech in a typically Russian fashion. Set up a single nanotech government bureaucracy to dole out billions to researchers who can figure out how to make their pet projects sound "nano-ish." Wait a minute. Isn't that how the ol' U.S. of A. is doing it, too?
In any case, here's a skeptical look from the Russian media:
"However, there is an opinion that the corporation will also serve as a money laundering machine due to its size and undefined tasks. It is to control all nanotech projects implemented in Russia and set out priorities. It is expected that the government will allot about 200 billion rubles (approximately US$7.75 billion) for a three-year period to finance the corporation activities, which is incredibly much for unsettled tasks. For this reason many are afraid that this money can be used improperly or simply stolen.
There is a problem that worries even scientists – the corporation is to form a monopoly in the nanotech field, which respectively limits opportunities of the free market to select the most competitive ideas. Today the Russian research centres work mostly on nano-materials, while such prospective and promising spheres as nano-biotechnologies and new nano-projects in the energy-producing industry are undersold." More here