"Today, we will have the very important signing on the establishment of a joint Russian-Japanese investment fund with the JBIC company in the amount of $1 billion," Dmitriev said on Friday.
According to the RDIF CEO, the new fund will play a key role in financing joint Russian-Japanese investment projects in the spheres of infrastructure and agriculture, among others.
"We are currently discussing over 20 projects, the first of which we plan to implement in the coming six months," Dmitriev said.
He added that the new fund will be the first instrument that will allow the JBIC to invest in stocks.
Dmitriev said that the RDIF will invest a sum "close to half" but will have a non-controlling interest in the new fund. According to the RDIF CEO, the fund will attract up to $10 billion into the Russian economy.
The signing of the new RDIF-JBIC agreement is expected to take place in the presence of Russian President Vladimir Putin and Prime Minister of Japan Shinzo Abe.
