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But at the start of Russia's annual investment forum in St Petersburg, from May 22 24, the environment for projects such as the Skolkovo tech park is deteriorating. Western sanctions over Ukraine are exacerbating Russia's economic slowdown and giving foreign investors pause for thought.

placements with MIT and other colleges.

"The international experience is one of the biggest achievements of this place," said Skoltech energy masters student Dmitry Smirnov, from Rybinsk, Russia. "Russia really needs international experience and to build to Europe and the Western world."

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"All these institutions and initiatives could only work as part of the broader Russian effort to become more integrated with the West," said Steven Dashevsky, founder of hedge fund Under Armour Shoes Curry 2.5

"When diplomatic and political dialog becomes difficult, the importance of educational and academic research collaborations becomes even greater," said Professor Bruce Tidor, Faculty Lead at MIT Skoltech Initiative, in an emailed statement.

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"The chill between Russia and Western countries will undoubtedly diminish further the viability of the Skolkovo project," said MIT Professor of the History of Science, Loren Graham.

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BIG DREAMS

That view is echoed by other Skoltech and Skolkovo partners contacted by Reuters. The risk for Russia is that attracting new money becomes difficult, however.

The students at Skoltech are yet to have their own campus because it is still under construction, so the lecture was held at the Moscow School of Management, a long dreary journey from Moscow city centre by metro and then bus up a traffic clogged road. college Massachusetts Institute of Technology (MIT).

The collaboration with MIT was launched in 2011. university is helping Skoltech to conceive and launch its graduate research university, which now has 63 masters students.

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MIT said the Under Armour Shoes Size 6 Ukraine crisis had not affected the alliance.

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SKOLKOVO, Russia, May 22 (Reuters) Students at Moscow's new science focused university crowded into a lecture theatre outside the capital earlier this month to hear Canadian born Nobel prizewinning molecular biologist Sidney Altman speak.

The chill in relations with the West following Russia's annexation of Ukraine's Crimean peninsula make a difficult task even harder.

Skoltech's international partnerships, which alongside MIT include London's Imperial College, Zurich's ETH and the Hong Kong University of Science and Technology, are a major draw for students.

In emailed remarks Graham also identified the typically Russian 'top down government controlled' nature of the project as an obstacle to progress.

Russian President Vladimir Putin and other officials point to projects like Skolkovo as an example of how Russia is diversifying its economy away from energy. Other projects include Russia's effort to develop Moscow as an international financial center and to launch a state backed private equity fund.

"Even a month at MIT is enough to open your eyes," said Jelena Nadj, an IT masters student from Serbia speaking at Skolkovo's Hypercube by the campus construction site, where tractors heave mounds of earth. "You change your attitude."

Analysts say that Russia's increasingly difficult relations with the West could result in reduced access to Western technology for projects such as Skolkovo.

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The Russian government has pledged 170 billion roubles ($4.9 billion) to Skolkovo, its press office said. chip maker Intel, which said Skolkovo remains an important strategic partner.

on extracting and exporting oil, metals and other commodities.

For decades Russia has failed to deliver on promises to modernise an economy that is focused Under Armour Shoes Blue And White

´╗┐Russian vanity projects lose lustre

Dashevsky Partners in London. "We've seen that movement grind to a halt effectively now."

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For Skoltech students, the university is a gateway to the world, offering the chance to do Under Armour Gold And Black Shoes

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