13.14 On practical application of the principles of co-investment in Russian and international venture funds as per Order of the President of the Russian Federation of November 3, 2011 No. Pr-3291 (Letters of Rosimushchestvo dated May 12, 2012 No. GN-15/14430 and August 23, 2012 No. 15/34351) (Order No. 20)
According to this Instruction, on September 27, 2012 the Board of Directors of JSC “Transneft” considered the issue of participation of the Company in Russian and international venture funds and approved the implementation of the scheme for organizing cooperation with Russian and international venture funds with participation of the Target Capital Fund of the Skolkovo Institute of Science and Technology. In 2012, the Company provided financing under this scheme to the amount of 108 mln rubles.