Russia Plans to Build DNA Databank of All Living Creatures. Modern-day Noah’s Ark?

NoahRussia is apparently looking to create a DNA databank of all living creatures. Could this be the modern-day Noah’s Ark?
Researchers from Moscow State University plan to build a database that will house the DNA of practically every creature known to man. The DNA databank will be created at the campus of the Moscow State University. The project is expected to be complete by 2018 and the first phase, which has been announced, will cost $19 million.