MOSCOW: President Vladimir Putin on Monday ordered the creation of a state-run corporation to oversee engineering in high-technology Russian industries, in the latest Kremlin effort to overhaul strategic sectors that have foundered since the Soviet collapse.

Putin's decree, released by the Kremlin, appointed Sergei Chemezov as the head of Rostekhnologia , a holding company that would oversee production and exports of high-technology industrial products.

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