01:03 GMT +319 October 2018
Listen Live
    Russian President Vladimir Putin (2nd L) meets with Asian Infrastructure Investment Bank President Jin Liqun (2nd R) at the Bocharov Ruchei state residence in Sochi on May 18, 2016.

    Russia, AIIB May Announce Joint Projects at Eastern Economic Forum

    © AFP 2018 / SERGEI KARPUKHIN / POOL
    Business
    Get short URL
    1153

    The Russian Direct Investment Fund (RDIF) and the Asian Infrastructure Investment Bank (AIIB) have negotiated a roadmap for cooperation and may announce joint projects at the upcoming Eastern Economic Forum (EEF), RDIF head Kirill Dmitriev said Monday.

    MOSCOW (Sputnik) — It was earlier announced that Russia presented 16 investment projects for the Far East to the AIIB, with an estimated combined value of $8 billion, including developing infrastructure along the Northern Sea Route.

    “We have met with the president of the AIIB, it is a very promising institution which could play a very important role. We need to get down to active cooperation with the AIIB. Together we have planned a roadmap of RDIF and AIIB future cooperation. The projects will be announced later because the AIIB is still forming its team. Perhaps, we will announce the projects at the Eastern Economic Forum,” Dmitriev told RIA Novosti.

    The Russian Direct Investment Fund (RDIF) is a $10 billion sovereign fund established to make equity investments, primarily in the Russian economy.

    The AIIB is an international financial institution created to invest in infrastructure projects in the Asia-Pacific region. In October 2014, the Articles of Agreement establishing the bank were signed by 21 states. At the moment there are 57 founding members of the bank, including China, Russia, India, Saudi Arabia, Iran, Germany, France and the United Kingdom.

    Related:

    Russian President Putin Invites AIIB to Participate in Russian Projects
    AIIB, ADB Sign Memorandum to Co-Finance Projects
    AIIB and Eurasian Development Bank Discuss Building China-Europe Corridor
    Tags:
    cooperation, Eastern Economic Forum, Asian Infrastructure Investment Bank (AIIB), Russian Direct Investment Fund (RDIF)
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment