Becoming a Russian Oligarch After Rebirth
Chapter 1169 - 984: Skyrocketing_2

Chapter 1169: Chapter 984: Skyrocketing_2

Why do they go to Europe and the United States? It’s because Russia doesn’t have enough job positions, and the income is too low.

Wang Ye launched affordable housing projects, encouraged large enterprises to expand their production scale, and now he has set up an industrial fund, all with the purpose of retaining these talents and allowing them to use their intelligence and wisdom domestically.

...

The last ten billion US dollars, Wang Ye still intended to set up an industrial fund, specifically an internet industrial fund!

Internet enterprises, especially startups, are in great need of venture capital support!

But Moscow lacks such venture capital.

Because engaging in the energy, finance, and other industries is more profitable, most of the capital flows into the energy market and financial market, with everyone wanting to become oligarchs and no one willing to be the "big sucker" investing in venture capital for the internet.

Therefore, in Moscow, the entrepreneurial environment for the internet industry is not very strong.

Since private capital is unwilling, only state-owned capital can take the lead...

These ten billion dollars are to encourage university students to start businesses. As long as your project is innovative enough, or shines technologically, you can get an interest-free loan!

It allows you to start a business without any pressure.

If you’re worried about not being able to repay even an interest-free loan, well, that’s okay too—the loan can be converted into shares of your company.

The worst-case scenario is just that the business fails, and the company goes bankrupt. Naturally, the loan wouldn’t need to be paid back then.

The goal is simply to encourage a great many young people to enthusiastically start businesses!

Maybe in the future, a new "Google," a new "Facebook," or an "Amazon" might emerge.

Even if that ten billion dollars supports just one successful Internet company, it would still be a success!

...

At the meeting of the National Economic Commission, Wang Ye formally proposed the plan to establish three major industrial funds, which, after heated discussion among the members in attendance, was unanimously approved.

Normally, a member would be assigned the responsibility of exclusively managing the operation of these three industrial funds, but Wang Ye did not do so.

He directly placed the three industrial funds under his own office, with Yelena leading the charge.

This was over a hundred billion dollars, and Wang Ye truly didn’t dare entrust it to any member lightly...

He felt more at ease monitoring it himself. After all, if he left it to a member, who knows what could happen.

If the money were spent without any visible results, the one to take the blame would be himself!

Yelena was called to the office by Wang Ye and given the task of managing the three major industrial funds, which genuinely frightened her.

Over a hundred billion dollars were to be managed by her...

She was just in her thirties this year, with her only work experience being the years spent by Wang Ye’s side.

Although she was conscientious at work and had become Wang Ye’s trusted chief assistant, and a person of managerial status in the secretary’s office, revered within the Duma Building.

But that was still a very far cry from managing over a hundred billion dollars!

Normally very calm, she felt a bit flustered, looking at Wang Ye with uncertainty and said with little confidence, "Boss, am I in charge of these three major industrial funds?"

Wang Ye nodded with a smile.

"Then...is there a dedicated work group to cooperate with me, or maybe a congressman to guide me?" she asked further.

Wang Ye shook his head, "No, you can set up a special Industrial Fund Office, recruit or transfer staff from government departments, but they are all to assist you. That is to say, you’re the main person in charge of these industrial funds!"

Yelena finally calmed down. After a moment of reflection, she asked Wang Ye, "Then... should I focus my primary work from now on at..."

Understanding her implication, Wang Ye said with a smile, "These three industrial funds carry a huge responsibility. So, your work focus should indeed be at the Industrial Fund Office from now on. As for the work here, you can hand it over to Bakova and Nova for now. They should be able to handle it."

Yelena, Bakova, and Nova were among the earliest assistants to work alongside Wang Ye.

The other two "Vas" went on to work with Rossiyana in the Moscow State Government.

Bakova also held a doctorate in economics, a true elite, and with the years of training by Wang Ye’s side, she was fully capable of taking over Yelena’s job.

Yelena nodded heavily, her eyes slightly red and her lips softly bitten, she earnestly said, "Please rest assured, Boss, I will definitely not let you down."

Clearly, this was Wang Ye’s trust in her.

If Yelena had not come to work with Wang Ye by a twist of fate, she would never have had the chance to handle such a huge sum of money or wield such great power in her entire life!

No joking, even the Finance Minister might not have access to so much funds!

And all this money was in cash, of which she had executive control...

One could imagine that from this moment on, Yelena would become the "God of Wealth" in the eyes of many people and enterprises.

Her Industrial Fund Office would be swarmed with visitors every day, wearing down the threshold.

Wearing a smile, Wang Ye extended his arm and gently patted Yelena’s slender shoulder, as a form of encouragement.

This girl had not had it easy. In the years she worked with him, she never asked for leave for any reason, and there was no issue with lateness or absence.

Every day she was the first to arrive at the office and the last to leave.

Whenever he needed anything, a single phone call was enough for her to appear in his office immediately.

The tasks handed to her required no reminders; she always completed them as quickly and as well as possible.

This year, it seemed that she was nearly thirty, but still had no boyfriend, simply because she had no time or energy for that...

"Oh, and to facilitate your work, I’ll arrange a position for you on the National Economic Commission so that it will be easier for you to coordinate with various government departments in the future," Wang Ye added.

Yelena was at a loss for how to express her feelings.

A member of the National Economic Commission might not sound very impressive, but anyone who understood the commission’s powers knew how tremendously powerful it was!

It could determine the entire country’s economic policy and adjust the development direction.

Those who could serve as a member were either key figures from the government side or seasoned congressmen from the Duma, or confidants from the Kremlin.

After serving a few years as a member of the commission, this experience would be very important for her future!

Whether she chose to move towards the government or enter the Duma, she would be able to do so easily and freely!

As for the location of Yelena’s Industrial Fund Office, Wang Ye had arranged it too, directly allocating her a whole floor that was vacant in the Economic Committee building inside the Kremlin.

This would make her work exceedingly convenient, as the Industrial Fund Office itself was an entity under the Economic Committee.

...

Exiting Wang Ye’s office, Yelena still felt a bit dizzy.

She had thought that someday she might be sent out by the Boss to be in charge on her own, as one couldn’t be an assistant forever.

Moreover, Wang Ye had mentioned more than once that they should make use of their current work opportunities to network with various enterprises and political figures, so when they were fully trained, they would all be given the chance to lead on their own.

She just hadn’t expected that day to come so soon, nor to receive such a wonderful opportunity.

As a member of the Economic Committee with control over the three major industrial funds, handling more than a hundred billion US dollars!

To say it was a skyward ascent would not be an exaggeration!

Taking a deep breath and calming her emotions, Yelena’s eyes hardened with resolve.

Having been given such a great opportunity, she must not disappoint the Boss. She had to deliver an exceptional report card to show him that he had not chosen the wrong person...