Dmitry Zimin. Source: Valeriy Livityn / RIA Novosti
The Dynasty Foundation, a Russian non-governmental organization headed by businessman Dmitry Zimin, which the Justice Ministry recently listed as an NGO acting as a foreign agent, will be liquidated, the organization announced on its website on July 8.
"The board of Dmitry Zimin's Dynasty Foundation decided at a meeting on July 5 to liquidate the foundation," the announcement says.
It was reported earlier that the Justice Ministry on May 25 listed the Liberal Mission Foundation specializing in supporting theoretical and applied research projects as an NGO acting as a foreign agent in line with the federal law On Nonprofit Organizations. The regulator also listed the Dynasty Foundation as a foreign agent on the grounds that it was the Liberal Mission Foundation's key sponsor.
A Tverskoi District Court magistrate ruled on June 17 to uphold a decision by the Justice Ministry's Moscow department to qualify the financing of the Liberal Mission's programs by the Dynasty Foundation as political activity and fine the latter 300,000 rubles ($5,500).
It was reported soon afterwards that Zimin had left Russia indefinitely.
The Dynasty Foundation was set up by Dmitry Zimin in 2002. The foundation's primary objectives, as stated on the organization's official website, include looking for and supporting talens, ideas and projects in the area of natural and social sciences. The foundation prioritizes the development of fundamental science and education in Russia, the provision of conditions for researchers and scientists to work at home, and the popularization of science and education.
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