Joint $1Bln Russia-Turkey Investment Fund to Be Signed at G20 - Russian Fund CEO

© REUTERS / Aly SongThe entrance to a conference centre, where the G20 summit will be held, is pictured before the G20 Summit in Hangzhou, Zhejiang Province, China
The entrance to a conference centre, where the G20 summit will be held, is pictured before the G20 Summit in Hangzhou, Zhejiang Province, China - Sputnik International
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The Russian Direct Investment Fund (RDIF) plans to sign a joint investment fund memorandum of understanding with Turkey worth over $1 billion at the upcoming G20 summit in China, RDIF CEO Kirill Dmitriev said Friday.

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MOSCOW (Sputnik) – The two-day 2016 summit of the world’s 20 biggest economies kicks off in the eastern Chinese city of Hangzhou on Sunday.

"We will sign a memorandum of understanding that we are creating a joint Russian-Turkish fund [at the summit]. The amount will be more than $1 billion," Dmitriev told Russia’s Rossiya-24 broadcaster.

On Thursday, the CEO forecast that the joint fund’s first projects would be financed next year.

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