17:16 GMT +312 November 2019
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    A Russian ruble coin is pictured in front of the Kremlin in in central Moscow, on November 6, 2014

    Russian Investment Fund’s Partnerships With Foreign Investors Worth Over $30 Bln

    © AFP 2019 / ALEXANDER NEMENOV
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    The overall RDIF foreign investors partnerships capital amounts to over $30 billion, Russian President Vladimir Putin said.

    STRELNA (Sputnik) — The overall capital of the Russian Direct Investment Fund’s (RDIF's) partnerships with foreign investors amounts to over $30 billion, Russian President Vladimir Putin said on Thursday.

    "We have built a long-term and strategic partnership with international investors. We have recently decided to create joint funds with our colleagues from Turkey and other states. Nowadays, the overall capital of such partnerships exceeds $30 billion," Putin said at a meeting with the RDIF and foreign investors on the sidelines of the St. Petersburg International Business Forum (SPIEF).

    He stressed that Russia sought to offer investors the most useful instruments such as joint investment platforms with the RDIF.

    Putin also reminded that in 2016, the RDIF was granted the status of a sovereign fund and since its creation in 2011 together with its partners brought over 1 trillion rubles ($17.8 billion) into Russian economy.

    SPIEF, a major global platform for communication between business representatives and discussion of crucial economic issues, kicked off in Russia’s second-largest city on Thursday and will continue through Saturday. The Sputnik news agency is an official media partner of the forum.

    Tags:
    Russian Direct Investment Fund (RDIF), Vladimir Putin, Russia
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