Russia, France Reviewing Investment Projects Worth Over $1Bln

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Russian Direct Investment Fund (RDIF) and France’s CDC International Capital consider projects in construction materials, tourism, retail and infrastructure industries.

French Economy Minister Emmanuel Macron attends a meeting with the media after a session of the Russian-French Council for economic, financial, industrial and trade issues in Moscow, Russia, January 25, 2016 - Sputnik International
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MOSCOW (Sputnik) — Russian Direct Investment Fund (RDIF) and France’s CDC International Capital are considering over 10 investment projects totaling over $1.1 billion, according to the RDIF statement published Monday.

"At the moment there are more than 10 investment projects worth over 1 billion euros in sectors such as consumer goods, machinery, food and agriculture… before RDIF and CDC International," the statement reads.

The sides intend to close the first deal in the near future, according to the document.

Russian Economy Minister Alexei Ulyukayev (L) and his French counterpart Emmanuel Macron attend a meeting with the media after a session of the Russian-French Council for economic, financial, industrial and trade issues in Moscow, Russia, January 25, 2016 - Sputnik International
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The projects under consideration also involve construction materials, tourism, retail and infrastructure industries.

Earlier in the day, RDIF and CDC International established a mechanism for the implementation of joint investments during the Russian-French Economic, Financial, Industrial and Trade Council’s session in Moscow.

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